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China should stay highly vigilant.......>

CHINA PRESS
CHINA PRESS: China should stay highly vigilant against any perverse expectations
of looser housing regulations, the Economic Information Daily said in a front
page commentary. Although China is facing great pressure to stabilize the
economy, this does not mean policymakers will tolerate rising home prices, the
newspaper said. Any irrational increase in home prices inhibits consumer demand
and widens the income gap, which in turn hinders economic and industrial
transformation, the newspaper added. 

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