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China to continue property market control policies in 2013 to check excessive speculation

Posted on 17 December 2012

China’s new leadership today said it would continue the nation’s property market control policies next year in order to keep a check on excessive speculation, which in the recent past made housing virtually un-affordable for middle and low income groups. The country will step up the construction and management of low-income housing, as well as the renovation of run-down areas, said a statement issued at the end of two-day central economic work conference conducted by the new leaders here.
Stubbornly high real estate prices have been a significant source of public complaint in recent years, forcing the government to implement a string of policies to keep prices down………………………………………Full Article: Source


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