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China to curb prices in small cities

Posted on 07 September 2011

China’s measures to control its property market are at a critical stage and the nation needs to focus efforts on curbing housing price gains in second and third-tier cities, Chinese Premier Wen Jiabao said in an essay.
“We must unswervingly curb irrational housing demand, continue to strictly implement differential housing loans, tax policies and restriction on purchases,” Wen wrote in Qiushi magazine, a publication of the ruling Communist Party……………………………………….Full Article: Source


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