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China: Property curbs a bitter, but necessary pill for economy

Posted on 25 June 2012

Nobody likes it when a government steps in to stop property prices from rising too far, or too fast, as is currently being undertaken in China.
The Chinese housing market fell by 18 percent in 2012’s first quarter, due to home purchasing restrictions which officials last month pledged to continue. The restrictions vary depending on locality but in general limit house purchases to those with permanent residency, as well as restricting multiple purchases………………………………………..Full Article: Source


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