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The average price of a new home in 100 major cities was 10,835 yuan ($1,757) per square metre last month, down 0.81 percent from June, the China Index Academy (CIA) said.

"The growth gap is an expected result of Beijing's efforts to rebalance regional economies and let the fruits of growth be more evenly shared by the poorer inland regions," said Nie Wen, an analyst at Hwabao Trust in Shanghai.

Nearly 30 percent of the manufacturers interviewed said they were going to reduce their investment in the PRD.Additionally, 32 percent of the manufacturers were planning on moving their factories to areas with lower costs such as Vietnam

Oil prices eased in Asia Wednesday as dealers stood on the sidelines awaiting the latest US stockpiles report for clues about demand in the world's top crude consumer, analysts said

China’s online money market funds deserve credit for offering savers the decent returns that banks cannot. But it is getting harder for the upstart industry to do so without piling on risk.

The central bank will use unconventional monetary tools such as re-lending and pledged supplementary lending to maintain relatively loose liquidity

Beijing introduced a series of policies in April in response to concerns over slowing growth, including tax breaks for small enterprises, targeted infrastructure spending and the encouragement of lending in rural areas and to small companies.

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