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CHINA PRESS: China should be cautious about increasing speculation in the
property sector and needed to act to curb such behaviour, the Economic
Information Daily said in a front-page commentary on Thursday. After two years'
of tight property policies, housing prices have fallen and market demand is
building, the newspaper said. The commentary also said that lower mortgage rates
were having a positive impact on demand in some cities. However, it warned
against local governments stimulating the property sector for short term growth.