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Shanghai, Tianjin act to cool housing market
Published Tue, Nov 29, 2016 · 09:50 PM
Shanghai
TWO of China's major cities have imposed new borrowing restrictions intended to cool their red-hot property markets, as authorities fret price growth will again rebound after showing only modest signs of abating.
Shanghai has raised the minimum required downpayment and tightened eligibility criteria for buyers of first homes, state media reported on Tuesday.
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