Hot property market Shenzhen tightens rules to cool housing market
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Shanghai
THE southern Chinese city of Shenzhen has raised deposit requirements for some home buyers, the latest in a series of measures being introduced across the country to calm property markets, according to the official Xinhua news agency.
Authorities in Nanjing, in the eastern coastal province of Jiangsu, issued similar measures on Monday, underlining how the government's tightening campaign has spread to more "second tier" cities.
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