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Affordable housing expected to hold up China’s property market

Posted on 28 March 2012

Premier Wen Jiabao’s tough stance on the property market at the National People’s Congress earlier this month signaled policies - such as limits on the number of homes a citizen can purchase - will not be eased in the short run.
Investments in the real estate sector as well as other related businesses including steel, cement, automotive and home appliances industries have been subdued. Construction that began on new homes registered a near-zero growth in the first two months of 2012, the slowest pace since 2009, figures from the National Bureau of Statistics showed………………………………………..Full Article: Source


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