Beat the heat
May 13, 2010 | BY
clpstaff &clp articlesThe Chinese government's recently-issued macro regulatory control policies on the real estate sector should be effective in subduing soaring property prices and paving the way for foreign investment opportunities
Share:
During the second half of 2009, residential property prices in key cities such as Beijing, Shanghai and Shenzhen experienced a dramatic increase. Not only did these skyrocketing prices result in noisy complaints from the general public, it became a grave concern to the central government.
On December 14 2009, the Executive Meeting of the State Council adopted the following four Opinions (Guo Four Opinions) to curb the overheated real estate market: