Economy

Property tightening policies to continue

(Agencies)
Updated: 2010-07-29 11:09

Tightening measures to curb speculation in China's real estate sector will not be changed, the Shanghai Securities News reported on Thursday, citing a government researcher.

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Liu Yingjie, a researcher at China's State Council, or cabinet, said regulation in the property market had been effective in regulating the surge in housing prices in some cities.

Beijing clamped down on the country's property sector in mid-April this year, unleashing a range of measures including requiring higher down payments and mortgage rates to curb rapid housing price rises.