China to rein in property bubbles, damp price volatility – Report


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.

Risk Warning:

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.


The author Paul