| Protests by Chinese homeowners objecting to price cuts on new purchases for similar properties appear unlikely to halt more reductions, as developers struggle to maintain sales and cash flows.
The government, concerned that the surging property market in recent years could lead to unrest from folk priced out of the market, has brought in measures to tame prices. They include construction of 10 million low-cost housing units this year, limit to purchases of second homes, and curbs on lending...............................................Full Article: Source
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