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Chinese await measures to tame housing prices

Posted on 28 March 2013

The government of south China’s Guangdong province on Monday announced rules to cool the property market after the central government rolled out a regulatory plan and asked provincial governments to create specific measures. The rules, however, have been criticized for being too vague and unable to function properly.
Guangdong’s provincial government said in a notice that housing prices will be curbed, government-subsidized housing will be built more quickly and housing data will be pooled in order to boost market supervision………………………………………..Full Article: Source


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