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Beijing (CNS)--China's economic situation for the first and second half of the year was the topic of discussion at meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee on Wednesday.
According to the meeting, China will continue a proactive fiscal policy and a prudent monetary policy to further strengthen and improve macro control. The government will also enact further structural tax reductions to encourage steady growth in credit.
The meeting also focused on supporting the real economy, especially small and micro businesses, to promote balanced development among regions and actively yet prudently advance urbanization.
With regard to China's real estate market, the decision was for the government to pursue regulations and policies to curb speculation in this sector.
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