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The effect of COVID-19 on the housing market

CGTN, 15 Aug 2020
Over the past three decades, real estate has taken the lead in boosting China's economy. To keep the property market stable, new laws were passed by the National People's Congress regarding construction and deed taxes. So, what are these laws, and what effect will they have on real estate development? As the pandemic eases at home, will Chinese real estate and overseas purchases rise? And how has the sector been affected around the world? #dialogue #China #economy

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