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China Property Stocks Gauge Jumps on Proposal for Home Purchases

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The shares of Chinese real estate companies jumped after Bloomberg reported authorities are considering a proposal to ask local governments to buy unsold homes from distressed builders.

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China Property Stocks Surge as Home-Buying Easing Gains MomentumChinese developer stocks rallied for a second day after two major cities scrapped restrictions on residential property purchases, boosting optimism that more local governments will follow suit.
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