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Bohai Rim thermal coal price index closed at 735 yuan / ton, down 1 yuan month on month
The central bank convened a meeting between financial institutions and 12 real estate enterprises, involving the rescue of M & a business
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Real estate has long been the stimulus behind China's rapid economic development. House-buying became an investment as prices soared, thus resulting in overbuild. Evergrande's downfall signals the halt on China's reliance on its real estate sector as the country seeks to regulate and strengthen the economy and its foundation.
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