Property market controls will focus.....>

CHINA PRESS: Property market controls will focus on increasing housing supply

next year, the Economic Information Daily reported Tuesday. According to an

industrial meeting held in Wuhan by the main regulators, including the People's

Bank of China, smaller Tier 3 and Tier 4 cities in the western and central

regions of the country will see stricter property market regulation since the

markets in larger Tier 1 and Tier 2 cities have gradually cooled down, the

report said. The authorities will tighten regulations given households' leverage

ratio is surging, the central government's tolerance for an economic slowdown is

increasing, and a long-term mechanism for the property market is needed, the

report noted. (Economic Information Daily)