China must do more to lift employment, stabilise housing market: Officials

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BEIJING: China needs to do more to boost employment and stabilise its property market, top officials acknowledged on Saturday, as. struggle to revive the country's battered economy...

Beijing is grappling with a prolonged. and a global slowdown hammering demand for Chinese goods...

"Overall employment pressure has not lessened, and there are still structural contradictions to be solved," Wang Xiaoping, minister of human resources and social security, said...

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...

But despite the deep trouble with the. housing market. , he insisted that Beijing's "bottom line" of avoiding "systemic risks" in the property sector had been maintained...