Chinese stocks rebounded from losses as government implemented a stimulus to boost the struggling property sector.
Measures include easing mortgage rules, completing unfinished homes, and PBoC providing funding for state-owned enterprises to purchase unsold homes.
Big banks like ICBC, Agricultural Bank of China, and China Merchants Bank closed positively; Longyuan Power stocks rose while Trina Solar Co declined.
Industrial production exceeded expectations, unemployment rate declined, despite slower retail sales growth.
#chinese-stocks #economic-data #government-stimulus-measures #market-performance #property-market-crisis
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