June 26, 2017 / 7:21 AM / a month ago

China will steadily push forward with destocking in property market - Xinhua

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A rainbow appears over buildings reflected in water early morning in Shaoxing, China June 17, 2017. Picture taken June 17, 2017.Stringer

BEIJING (Reuters) - China will steadily push forward with destocking in the property market, the official Xinhua News Agency said on Monday, citing a report made by Vice Premier Zhang Gaoli to the country's political advisory body.

China will also push ahead with a debt-to-equity swap programme, and gradually lower the corporate leverage ratio, Xinhua said.

Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk

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