Markets in Asia rise as China took steps to support its struggling property sector and authorities pledged further help for the economy
On Monday, authorities urged banks and other financial institutions to provide easier terms for ailing developers by renegotiating the terms of their loans, with the aim of ensuring homes under construction are delivered.
The crisis has sent shivers through the world's number two economy, which has in turn weighed on global growth. The chairman of Australian mining titan Rio Tinto warned this week of a knock-on effect on the commodities sector.
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