Regulator should take into..............>

CHINA PRESS: Regulator should take into consideration the "limited rationality"

of property market investors to prevent them from circumventing new regulations,

the Economic Information Daily, an economic journal run by the Xinhua News

Agency, said in a commentary Thursday. The rampant housing speculation that has

been evident in recent years clearly indicates the irrationality among property

market investors, and regulators need to take this into consideration when

drafting policies to improve the market's efficiency, the commentary argued. The

rise in house prices in large cities has been reduced to the growth rate of the

real economy and so it is the typical "herd effect" of investors seeking other

opportunities that regulators must step in to curb. (Economic Information Daily)