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China’s property controls to stay

Posted on 06 June 2012

China will stick to property cooling measures, especially the differentiated credit and tax policies, as well as restrictions on buying second or third homes in some cities, said a government official on Tuesday.
The country’s property market is currently developing in the direction envisaged by the macro adjustment and control policies, with home prices declining in some cities since last year, said an official of the Ministry of Housing and Urban-Rural Development………………………………………..Full Article: Source


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