China property boom to be halted

Country:  China

9 December 2009

The Chinese government plans to curb China property speculation by introducing various measures designed to suppress future capital growth as well as increase residential supply, particularly at the low-end of the market.

Zhang Ping, chief of the National Development and Reform Commission, said: “Our country will improve housing consumption and macro-control policies, increasing the supply of mid-to-low-cost and price-controlled commercial property, and curb speculative house purchasing.”

However, the South China Morning Post, the publicatioon that broke the story, did not provide specific details of the government’s plans.

See Also:   China, Marc Da-Silva