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China limits property purchases by foreigners

Posted on 16 November 2010

From WSJ: China announced new limits on the ability of foreigners to buy residential or commercial property on the mainland, in its latest effort to curb the inflows of speculative money into its economy and ease inflationary pressure.
Observers said the effect would likely be small, since foreigners make up a tiny proportion of China property sales. But the lack of details about the move could add another element of uncertainty to a real-estate market that already contends with volatility and sharp surges in values……………………………………….Full Article: Source

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