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The content originally appeared on: CNN Hong Kong (CNN Business)China is trying to ease panic over two of the biggest issues threatening social stability in the country-mortgage boycotts and frozen bank accounts. On Sunday, the China Banking and Insurance Regulatory Commission urged banks to increase loan support for real estate developers so they can complete unfinished projects, as thousands of disgruntled homebuyers are staging a mortgage boycott across the country. In China, real estate firms are allowed to sell homes […]
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