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China has fended off potential systemic financial risks during the recent market gyrations with timely interventions.
CHANGCHUN, July 18 (Xinhua) -- President Xi Jinping has called for fresh efforts to revive China's laggard northeastern region, once a major heavy industrial hub, underlining the importance of state-owned enterprises (SOEs) in the country's development.
The pension fund is worth an estimated 3.5 trillion yuan, however, but it is still unknown at this moment how much the sector will decide to invest, said Industrial Securities in a research report.
The government has put in place policies to contain fast expansion in credit growth, regulate borrowing by local governments and eliminate industrial overcapacity, which help lower investment in sectors such as real estate. At the same time, it has tried to put a floor on the slowdown, with limited but targeted support measures.
Airbnb, the fast-growing housing rental service, aims to make deeper inroads into China, a market the company values for its growth potential, Nathan Blecharczyk, its co-founder and CTO, told Xinhua. Airbnb plans to set up an office in Beijing soon.
来源：资阳报