Wanda chief slams Beijing's controls on China property market
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CHINA'S richest man, Wang Jianlin, criticised the country's close control of its property industry, saying the "excessive cyclicality" caused by that was a reason for his conglomerate's planned move to exit the real estate development business.
China has been tightening home and land purchase requirements in major cities since mid-last year to tame a housing bubble, after loosening in the previous year to drive economic growth.
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