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China Should Curb Property Speculation: Daily

CHINA PRESS
MNI (Singapore)

China must stop property speculation and earn wealth by boosting supply and strictly verifying that intended purchases have legitimate intent, the Economic Information Daily said in a front page commentary, citing February home price data that showed increases in 56 monitored cities. Authorities should increase taxation and punish the illicit use of capital to buy properties, it said. Larger cities must also develop policy-supported housing and enhance the rental market, the Daily said.

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