The central government has raised the required down payment for a family's second house from 40 percent to 50 percent, and announced that commercial banks can refuse loans to people buying their third property in areas suffering from soaring home prices.
Will house prices slump as a result of the new policies?
The housing price will not fall heavily in the rapid urbanization process of China.
The hot money will flow back to where it should go-the real economy-which could create more employment and product to pull the domestic demand actually. That's the win-win situation.
the latest measure to curb soaring property prices and prevent growing financial risks.
showing the government's resolve to cool the sizzling real estate market.
National Bureau of Statistics (NBS) Lending policy
Boao Forum for Asia
Meanwhile, the government also largely increased the supply of land, low-rent housing and economically affordable homes, aiming to improve the supply and demand imbalances.
And a soft landing of the real estate market could be expected
Former IOC president Samaranch dies aged 89
corruption scandal
Despite the advancing age and medical troubles, Samaranch continued to travel to IOC meetings around the world.
a parting gift little-known
Rogge was reelected unopposed to a second term in Copenhagen on October 9, 2009
great or defining presidents
it is easy to say but not to get
guilty of bribe-taking bid cities honorary chairman
mourn for the quake victims in commemoration of the earthquake dead
ethnic and religious policies caught the media's attention
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