China's Lanzhou relaxes property tightening curbs

Beijing

THE Chinese city of Lanzhou has eased property curbs amid a nation-wide clampdown on housing speculation, raising concerns that other cities may follow suit which will further inflate price bubbles in the sector.

The provincial capital of China's northwestern Gansu province, with a population of 3.6 million, lifted property tightening measures in the suburbs while relaxing some restrictions on home purchases in downtown areas, according to a notice posted on the website of the city's housing authority late on Friday.