property price rises ease in chinese cities
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Property price rises ease in Chinese cities

Arab Today, arab today

Arab Today, arab today Property price rises ease in Chinese cities

Beijing - AFP

Rises in new home prices moderated broadly in Chinese cities last month, official data showed Tuesday, after authorities vowed to keep a tight grip over the once red-hot sector. Prices in 36 out of the 70 cities tracked by the government increased in August from July, the National Bureau of Statistics said in a statement, down from 50 the previous month. At the same time the cost of a new home in 20 cities fell in August, the bureau said, more than double the nine seen in July. Prices in another 14 cities were unchanged, compared with 11 in July, bureau said. The August result marked the end of a four-month streak in which the number of cities recording rising home prices had increased. China has been implementing measures for more than two years to curb speculation in the housing market, including bans on buying second homes, raising minimum down-payments and imposing property taxes in certain areas. The market, however, has showed some signs of recovery in recent months after Beijing cut interest rates twice and encouraged bank lending by slashing reserve requirements at banks to boost the country's slowing economy. Local governments also covertly relaxed limits on the property sector. Premier Wen Jiabao, however, said earlier this month that it was too early to loosen curbs on speculative property investment. His comments came just days after the official Xinhua news agency reported that the housing ministry was studying new measures to beef up controls on the property sector. China's decision-makers have been vigilant about the potential of skyrocketing home prices to foster social tension, particularly ahead of a once-in-a-decade leadership transition due next month.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

property price rises ease in chinese cities property price rises ease in chinese cities

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

property price rises ease in chinese cities property price rises ease in chinese cities

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday