China Economy
China Economy
FILE - This photo released by Xinhua News Agency shows an aerial view of the construction site of the 2nd phase project of the Nanjing Financial City designed as an architectural complex comprising offices, hospitality, housing and commercial facilities in Nanjing, east China's Jiangsu Province, on Jan. 16, 2024. China was preparing to announce fresh measures to reinvigorate its ailing property industry after data released Friday, May 17, 2024 showed housing prices slumped in the first four months of the year, although factory output rose nearly 7%. (Li Bo/Xinhua via AP, File)
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A delivery worker pushes a cart loaded with goods as women shop for shoes at Ritan International Trade Center in Beijing on Wednesday, May 15, 2024. Data released on Friday, May 17 showed housing prices in China slumped for the first four months of the year, although factory output rose nearly 7%, as the country prepares to announce fresh measures to reinvigorate its ailing property industry. (AP Photo/Andy Wong)
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China Economy
Residents rest under a fake golden leafs tree at Ritan International Trade Center in Beijing on Wednesday, May 15, 2024. Data released on Friday, May 17 showed housing prices in China slumped for the first four months of the year, although factory output rose nearly 7%, as the country prepares to announce fresh measures to reinvigorate its ailing property industry. (AP Photo/Andy Wong)
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A man walks by as a vendor arranges clothes for sale outside his store at Ritan International Trade Center in Beijing on Wednesday, May 15, 2024. Data released on Friday, May 17 showed housing prices in China slumped for the first four months of the year, although factory output rose nearly 7%, as the country prepares to announce fresh measures to reinvigorate its ailing property industry. (AP Photo/Andy Wong)
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Workers renovate a shop covered with a fashion advertisement poster at Ritan International Trade Center in Beijing, Friday, May 17, 2024. Data released on Friday showed housing prices in China slumped for the first four months of the year, although factory output rose nearly 7%, as the country prepares to announce fresh measures to reinvigorate its ailing property industry. (AP Photo/Andy Wong)
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FILE - This photo released by Xinhua News Agency shows an aerial view of the construction site of the 2nd phase project of the Nanjing Financial City designed as an architectural complex comprising offices, hospitality, housing and commercial facilities in Nanjing, east China's Jiangsu Province, on Jan. 16, 2024. China was preparing to announce fresh measures to reinvigorate its ailing property industry after data released Friday, May 17, 2024 showed housing prices slumped in the first four months of the year, although factory output rose nearly 7%. (Li Bo/Xinhua via AP, File)