This site uses web cookies · Read our Policy here
International: (+34) 952 198 657
Open navigation menu

Chinese Government Says No Easing of Restrictions - None

First name: 

 

Last name: 

 

Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.

News by Category

Archives



Chinese Property Market  Chinese Property Regulations  Wen Jiabao 

Chinese Government Says No Easing of Restrictions - None

By - Wednesday 25 July 2012

Anyone hoping that the Chinese government was easing in its valour against rising housing prices has had the stuffing knocked out of them in the past few days. As the government's restrictions on the housing market began to not only bring down housing sales and prices, but the economy also started to slow, many people believed the government would start easing up. A positive month for sales in May along with reports that the government seemed to be effectively turning a blind eye to several local authorities easing of the restrictions, strengthened this optimism.

Government figures released this week showed June to be another positive month for prices, with growth in more cities than falls fuelled by the interest rate cuts aimed at the wider economy. On Friday before releasing the figures the government said that the restrictions are at a "critical" stage with increasing uncertainties in the market.

Straight from the horses mouth - a statement the Ministry of Land and Resources said that the land, resources and house construction authorities at all levels must be clear-headed about that, keep controls on the property market tight... and resolutely prevent housing prices from rebounding. It also said that local authorities must also revoke any loosening they have already imposed.

Since there was any talk of the government turning a blind eye, several statements from high ranking government officials including Premier Wen Jiabao himself have stated their continued commitment to maintaining the curbs, but this is the first time they have actually come out and told any authorities that may be easing up, to clamp back down again.

The Chinese economy is such a massive machine today, one can only hope that they know what they are doing, and don't bring any catastrophes for the rest of the world economy. Meanwhile investors can look to profit from the millions of social housing projects planned to bring the housing market back from the brink.

Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here


Comments

 

*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.


«« Back to IPIN Live

Follow IPIN Global


Latest Content

Recent Comments

Powered by Disqus