Construction: Property cooling imminent
(Shenzhen Daily)
Updated: 2006-05-22 13:56
A new round of measures by China’s central bank and government ministries to
cool the real estate sector is imminent, State media said during the weekend,
but analysts had doubts about how effective the steps would be.
The China Securities Journal said the central bank will soon take targeted
measures to curb credit to the real estate sector to flesh out a directive from
the State Council, China’s cabinet, earlier last week requiring relevant
government agencies to take appropriate steps to rein in overheated sectors of
the market.
Further, the China Business News reported that the Ministry of Construction
and the Ministry of Land and Resources are also preparing new measures for the
property sector. Neither report gave details on what measures could be
employed.
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