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Chinese premier says property controls still in ‘critical period’

Posted on 03 September 2012

Chinese Premier Wen Jiabao has reiterated the country still needs to resolutely curb speculative property investment as controls on the real estate sector are still in a “critical period.” Wen made the remarks while making an inspection tour of affordable housing projects in the city of Tianjin in north China on Friday.
He pointed out that the government’s controls over skyrocketing housing prices have been in place for more than two years, and that the excessive price rises have been generally curbed………………………………………..Full Article: Source


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