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And, "if we have to buy it, that we will be granted credit so that we can normalize (the country's situation) as fast as possible", Duterte said.

Analysts said the moves will help offset the effect of financial regulatory tightening and real estate cool-off and help the country maintain stable growth in the coming months.

Analysts believe the integration of the two companies' strengths and resources will benefit both sides.

Analysis of the Hurun research based on the property rich list said that in recent years, property developers are diversifying their overall arrangement. Evergrande is interested in the new energy vehicle industry, Country Garden, modern agriculture and robotic fields, and Longfor is forging the innovative platform Plug and Play.

Analysts pointed out the latest development also reflected a broader trend where companies globally all started to realize that any behavior obstructing fair and free trade will hurt their interests in the end.