30.04.2010 - China to extend property curbs, Credit Suisse says

From Businessweek.com: China won’t back down from measures to cool the nation’s property market because the government’s “credibility” is at stake, Credit Suisse Group AG said. The government has in the past two weeks raised mortgages rates and down payment ratios, barred lending for third-home purchases and ordered tighter scrutiny of developers’ financing to restrain property prices that surged at a record 11.7 percent in March........................................Full Article: Source

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