A raft of weak Chinese economic data in May has raised hopes of decisive policy intervention.
Economists considered both moves this week to be largely symbolic, but they underscore the urgency of the situation.
"We therefore continue to expect announcements of further 'piecemeal' property sector easing measures to follow in the coming weeks," Loo wrote. Goldman Sachs economists said last month that getting young people back to work would give China's economic recovery a sizable boost, given that they account for almost 20% of consumption in China.
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