Govt caught between reform and growth
By Xie Yu | China Daily | Updated: 2014-09-30 07:18
Realty | Xie Yu
China will abolish all home purchase restrictions in the next 12 months and cut at least one policy rate in the first half of 2015 or before, said Shen Minggao, head of China research with Citigroup Inc.
"Look around the world. No country keeps monetary policy unchanged when a correction starts in the property sector," Shen said in an interview.
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