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Key rate cut seen as move to prop up realty

China implemented the biggest-ever cut to a mortgage rate benchmark on Tuesday, indicating policymakers' dedication to bolster the struggling housing sector and the broader economy, with additional interest rate cuts likely on the horizon, experts said.


Shanghai vows to make world-class environment for talent development

Shanghai vowed to accurately meet the needs of talent from home and abroad and continue to create a world-class environment for talent development in the New Year, said Gong Zheng, mayor of Shanghai, on Friday.

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