China must do more to lift employment, stabilise housing market, say officials

BEIJING, March 9 — China needs to do more to boost employment and stabilise its property market, top officials acknowledged today, as policymakers struggle to revive the country’s battered economy.

And on the sidelines of a weeklong annual meeting of the country’s rubber-stamp parliament on Saturday, officials acknowledged the difficulties in reversing both trends. Housing minister Ni Hong, in turn, told reporters that fixing the property market — which long accounted for around a quarter of China’s economy — remained a challenge.

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