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China minister: Property prices in some cities still too high

Posted on 27 August 2010

From Dow Jones: Residential property prices in some Chinese cities are still “too high,” National Development and Reform Commission Chairman Zhang Ping was quoted as saying Thursday by the China News Service.
In the second half of the year, China will continue with policies to restrain overly fast price rises and “resolutely control” speculative property prices, and step up the construction of public housing, Zhang said in an address to the standing committee of the National People’s Congress, according to the report……………………………………….Full Article: Source


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