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As the Chinese authorities are deeply troubled by the economic downturn including the real estate market, a party official stepped forward and made a statement about buying a house.

Premier Li Keqiang stressed the need to visit Shenzhen, the center of high-tech, to revive the economy. 



This is Beijing Correspondent Young-tae Jeong.



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A real estate fair held in Hunan Province, China.



A local government official stands on the podium and shouts to buy a house.



[Party Secretary of Ximen County, Hunan Province, China: Leaders, let's buy a house.

If you buy one, buy two, and if you buy three, buy four.]



Recently, when the average vacancy rate in 28 major Chinese cities was recorded at 12%, even a party official came up to recommend them to buy a house.



The Chinese government has been easing regulations on real estate and introducing measures to stimulate consumption, including housing and automobiles, but it is not seeing much of an effect in stimulating the economy.



Prime Minister Li Keqiang, who was in charge of economic policy, visited Shenzhen in Guangdong Province to urge the economy to revive.



[Li Keqiang/Prime Minister of China: Participate in the flow of innovation at the world level.]



Shenzhen, known as China's Silicon Valley as a center for high-tech and export, was hit hard by IT companies in March due to the city lockdown.



Prime Minister Li acknowledged that the economic downturn pressures from the COVID-19 lockdown measures were "more than expected".



It also ordered the leaders of six major provincial governments, which account for 45% of China's economic GDP, to stimulate consumption and issue government bonds.



President Xi Jinping also went outside for the first time in a month, inspecting the northeast region, inspecting the past, and visiting the National Civil War Commemorative Facility in the past.



These public activities of the first and second figures in China have been interpreted as a step toward finalizing the Bei Daihe meeting, where political leaders gather on summer vacations to discuss state affairs, and to begin recruitment and policy enforcement in earnest.



(Video coverage: Choi Duk-hyun, video editing: Kim Byung-jik, video source: Weibo)