China Property Growth Slows
Published / Last Updated on 17/04/2011
China Property Growth Slows.
According to a survey by the National Bureau of Statistics, China’s property price growth slowed in March. As China continues to battle high inflation in property and food prices, the Chinese government has been implementing tightening measures.
In January, it implemented a property tax on residences in Shanghai and Chongqing after prices sky-rocketed in 2010. They have also increased the minimum down payment for second-home buyers to try and crack down on speculative buying.