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Officials say the real estate market is bottoming out. What’s your view on China's property market?
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CHINA'S FINANCE MINISTER:

Local governments have 2.3 trillion yuan in local debt fund to spend in the last 3 months
Will issue large-scale debt to swap for existing local debts
Local government debts risks is the biggest in recent years but needs to go through legal procedures
Will resolutely curb new local government debt risks
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