New real estate measures are a band-aid solution
April 29, 2010 | BY
clpstaff &clp articlesIt's a tough environment for property buyers
Some counsel believe that the Chinese government's latest measures for curbing surging property prices are too temporary and short-term.
Last week on April 17, the State Council issued the Circular on Determined Suppression of the Exceedingly Rapid Rise of Certain Urban Housing Prices (国务院关于坚决遏制部分城市房价过快上涨的通知).
“Since we have chosen a market economy, too much short-term policy interference will harm the market's confidence,” said Lei Meng, a partner at Guantao Law Firm and a counsel to the Beijing Municipal Commission of Housing and Urban-Rural Development.
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