China Expects Stable Property Prices
China Prime Minister Wen Jiabao of China government’s commitment to push real estate prices. We will use the tax and interest rates were to stabilize prices.
The increase in property prices in China, as of November, reaching record highs during the last 15 months. Trends in the price increase will fuel the outbreak of anxiety asset price bubbles in China. During November, the everage real estate prices in 70 major cities of China rose 5.7% in November than a year earlier. Annual growth rate is higher than the increase of October, which is 3.9%.
Wen also repeated the government’s promise to build more expensive homes to prevent the decline of the supply hoses for the poor. overnment of China intended to inhibit the actionof smelling the purchase of land speculation.
