World News: 11:04 GMT Tuesday 30th July 2019. [Yahoo Green News Feed via SPi World News]
China will not use its real estate market to provide short-term stimulus to the economy, but will make fiscal policy more effective and take steps to cope with trade frictions, the official Xinhua news agency said on Tuesday, citing comments from the ruling Communist Party's Politburo. The Politburo also said China's economy is facing increasing downward pressure and that Beijing will take various measures including boosting domestic consumption, stabilising foreign trade and employment, Xinhua said.
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