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China property shares fall after policy reversal

Posted on 14 February 2012

China’s property shares fell sharply Monday after Wuhu, an eastern Chinese city, reversed over the weekend an earlier decision to relax housing curbs, an abrupt move that signaled Beijing’s determination to keep up the pressure on the overheated sector.
The latest development suggests Beijing has zero tolerance for local governments attempting to bypass national property tightening moves, and that a further price correction is in the offing, analysts said………………………………………..Full Article: Source


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