| The State Council, China's cabinet, issued a notice on March 1 announcing that the governmental body will broaden efforts to support property market regulation. The notice is aimed to further implement macro policies on China's property market controls.
Beginning July 2003, the State Council has passed macroeconomic policies to curb property speculation on nine separate occasions. However, these regulations fell short of realizing their goal to reign in the property market. The reason, in my opinion, is that they did not address the fundamental problems of social fairness and justice...............................................Full Article: Source
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