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China: Curbs to stay in 2013

Posted on 02 January 2013

China’s home prices rose in November from a month earlier as stimulative policies from Beijing underpinned demand despite property purchase restrictions in place since early 2010.
Critics have said Beijing must use market instruments such as property taxes to control home prices, not ad hoc controls such as restrictions on the number of homes Chinese can buy. Property investment accounted for 14.4 percent of China’s gross domestic product in the first nine months of 2012………………………………………..Full Article: Source


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