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China’s housing market to remain cool

Posted on 15 March 2012

If anxious Beijing homeowners and property developers were looking for signs the city’s housing market would soon reopen, they must have been sadly disappointed by Premier Wen Jiabao’s last address to the press this morning.
For just over a year, most major Chinese cities, including Beijing, have held tight rein over who is allowed to buy property and how often, an effort to crack down on speculators who had sent prices skyrocketing………………………………………..Full Article: Source

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