Beijing faces test of reining in property speculation even when growth slows
Greater stress on restraining property prices carries risks and does not fit with plans for more active fiscal policies
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Beijing
CHINA is talking the talk about reining in the speculation that fuelled spiralling property prices. The test will be whether it can walk the walk should growth start to falter.
The government must do more to deflate the real estate bubble by strictly controlling speculation, Yang Weimin, deputy director of an elite economic group led by President Xi Jinping, said last Saturday in Beijing after the annual gathering to plan economic goals ended.
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