Arab Today, arab today china likely to relax property policies in q3 of 2012
Last Updated : GMT 18:42:31
Arab Today, arab today
Arab Today, arab today

China likely to relax property policies in Q3 of 2012

Arab Today, arab today

Arab Today, arab today China likely to relax property policies in Q3 of 2012

Beijing - Xinhua

China will likely loosen its restrictions on the country's property market in the third quarter of next year, as plummeting prices could slow the growth of the economy, according to a university report. Property prices, sales and investment will fall in the first quarter of next year because of the government's tightening measures, according to a report released by the Beijing-based Renmin University of China on Saturday. It added that the possibility of a market collapse is slim. A 20-percent fall in housing prices will force the government to adjust its policies, as a steeper decline will bring economic growth below 9 percent next year, the report said. The report predicted that the policy shift will probably take place in the third quarter of 2012. The central government will relax credit for the property market and loosen limits on home purchases, the report said. The price correction will not trigger systematic risks, a massive sellout or an economic "hard landing" in China, the report said. Since April 2010, China has imposed a raft of measures aiming to cool down property prices. The measures include higher down payments, limits on the number of houses that people can own, the introduction of a property tax in some cities and the construction of low-income housing. Government data showed Friday that 34 cities in a statistical pool of 70 major cities saw declines in new home prices in October, compared with 17 in September. Prices of new homes in four major cities (Beijing, Shanghai, Guangzhou and Shenzhen) saw month-on-month price drops in October after staying unchanged for three months. The report said local governments might start reverse the curbs in the second quarter of next year due to their heavy reliance on land sales for fiscal revenue. During a visit to Russia earlier this month, Premier Wen Jiabao reiterated that the government will not waver on its tightening measures and pledged to bring prices down to a reasonable level. The report also forecasted that economic growth will slow to 9.2 percent in 2012, a slight drop from the 9.4-percent growth posted this year.  

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*

Arab Today, arab today china likely to relax property policies in q3 of 2012 Arab Today, arab today china likely to relax property policies in q3 of 2012

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Egyptian tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Egyptian tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
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
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday