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China’s premier acts to avert housing bubble

Posted on 31 December 2010

From Realestatechannel.com: Chinese Premier Wen Jiabao is not happy with his brethren in the real estate industry. Land speculation continues. Single-family housing prices are rising sharply. And affordable housing for the growing working population is shrinking.
So the Premier this week announced he will take even sterner measures to bring shelter pricing back to a reasonable and affordable level. He wants to avert a housing bubble and he wants to do it before his term ends in early 2013……………………………………….Full Article: Source


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