09.04.2013 - Property tycoon doubts real estate measures
One of China's leading property tycoons, Ren Zhiqiang, the chairman of Hua Yuan Real Estate Group, has questioned the consistency of China's latest market regulations and whether they will be able to rein in the country's skyrocketing house prices. Ren said the measures had failed to keep China's property price at a reasonable level while hurting the market's autonomy. "The property control policies have gone wrong from day one," said Ren. "A series of policies, including the bidding system for land acquisition, the housing credit policy and the public finance system, have actually helped push up China's property prices, instead of cooling them."..............................................Full Article: Source
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