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China tells local governments to curb real estate prices

Posted on 23 December 2010

From Bworldonline.com: China has ordered local authorities to rein in rapid rises in land prices and pledged to crack down on shady developers, as Beijing struggles to keep a lid on the country’s red-hot property market.
In a statement posted on its Web site late Sunday, the ministry of land and resources highlighted the “complicated” situation in the sector and said high prices in some cities had triggered widespread public concern……………………………………….Full Article: Source

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