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China Must Effectively Contain Property Prices: Daily

CHINA PRESS
MNI (Beijing)

Chinese local authorities must effectively cool surging land and property prices by not use real estate as a short-term stimulus, controlling land release and enforcing controls, the Economic Information Daily said in an editorial. Property prices in China have rebounded last month, with more than 30 major cities registering faster monthly price gains, a clear sign of nationwide heating up of property markets unsupported by slowing growths in population and money supply and tighter regulations, the newspaper said.

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