| 13.07.2009 - China: Property prices surge amid looser lending practices |
| From Cctv.com: China issued tight lending policies on second home purchases in 2007, in an effort to curb speculation of the housing market. Now as commercial banks are encouraged to issue more loans to stimulate investment and spending to sustain the government's 8 percent annual economic growth, some cash has been lent to second home buyers without complying with the nation's policy........Full Article: Source |