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China Should Limit Housing Gains to Drive Spending: Times

CHINA PRESS
MNI (Sydney)

Regulators should tighten the Chinese real estate market and let home prices return to reasonable levels in the hope that people will spend more on consumer items, the Securities Times said citing Ni Pengfei, a director at the Research Center for City and Competitiveness at the Chinese Academy of Social Sciences. Higher prices for land and houses also erode the profits of manufacturers and drive them out of expensive sites, Ni said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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