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China will restrain property bubbles and prevent price volatility, the Central Economic Work Conference said on Friday, the official Xinhua news agency said in a post on Weibo, the social networking website.
It said China will strictly limit credit flowing into speculative buying in the property market and boost the supply of land for cities where housing prices face stiff upward pressure.
A conference to map out economic and reform plans was set off by China’s top leaders on Wednesday. The annual event is keenly watched by investors for clues to policy priorities and economic targets in the year ahead.
