| The curbs aimed at cooling China's overheated housing sector worked, but they also put the brakes on rapid growth. But boosting home sales could trigger class tensions. Rising home sales and prices are cheered in the U.S. as keys to an economic recovery. But in China, the prospect of a housing surge is fraying the nerves of policymakers.
Alarmed by ballooning values — and the growing frustration of average citizens fearful of never owning a home — China's central government in 2010 introduced curbs to cool the nation's overheated real estate market. It worked...............................................Full Article: Source
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