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China's moves to cool soaring property prices may be working

Policymakers must now balance deflating prices with safeguarding economic growth

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Residential luxury homes of Guangcai in Beijing's Chaoyang district. Beijing home sales volume plunged 41 per cent year-on-year last month.

Beijing

THE push by China's policy makers to rein in property bubbles looks to be getting traction, according to early indicators from the nation's biggest cities.

Beijing home sales volume plunged 41 per cent year-on-year last month while Shanghai's slumped 18 per cent, China Real

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