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China to defuse risks in real estate, local govt debt, small and medium-sized financial institutions


The 14th National People”s Congress, China’s national legislature, opens its second session at the Great Hall of the People in Beijing, March 5, 2024. [Photo/Xinhua]

BEIJING — China will address both the symptoms and root causes to defuse risks in real estate, local government debt, and small and medium-sized financial institutions to safeguard overall economic and financial stability, according to a government work report submitted Tuesday to the national legislature for deliberation.



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