October 19, 2017 / 3:11 AM / a year ago

China property risks have been effectively resolved: statistics bureau

FILE PHOTO: New properties are seen near a square in Zhengzhou, Henan province, China, September 23, 2016. REUTERS/Yawen Chen/File Photo

BEIJING (Reuters) - China’s property risks have been effectively resolved, with destocking efforts in third- and fourth-tier cities achieving results, a spokesman for China’s statistics bureau said Thursday.

China’s economy will maintain steady and improving momentum, with economic growth still within a reasonable range, National Bureau of Statistics spokesman Xing Zhihong told a news conference.

Reporting by Kevin Yao; Editing by Richard Borsuk

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