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China Readies Measures to Counter Housing Market Slump

China is preparing measures to counter a housing market slump and will roll them out if the economy needs support, people with knowledge of the matter said.

The government could reduce down-payment requirements for second-home purchases, the people said, declining to be identified as the information isn’t public. Another possible step would be to let homeowners sell properties without paying sales tax after two years, down from five years.