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China must thwart big jump in home prices - think-tank

Posted on 14 December 2012

China should enforce new property controls next year to curb speculation and prevent an expected modest recovery in house prices from turning into a steep rebound, a top state think-tank said on Thursday.
The Chinese Academy of Social Sciences called on the government to expand property taxes to more cities and stop developers from getting too much financing by barring them from selling homes before they are built………………………………………..Full Article: Source


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