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    <description>Soaring cost of living driven by high inflation and interest rates shapes policy debate: the government relies on targeted assistance and a major homebuilding pledge plus first home buyer concessions, while the opposition proposes immigration reductions, unlocking pension savings for deposits and mortgage interest deductibility; analysts caution such demand side reforms may lift prices without increasing housing supply. Competing energy strategies aim for net zero by 2050-government-led renewables expansion versus opposition-backed gas reliance and state funded nuclear-while China policy divides on calibrated engagement versus a tougher deterrent posture.</description>
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