Beijing will adjust lending and other policies to cope with surging real estate prices. (Ynet/file)

Govt acts against property speculation

    BEIJING, May 19 -- Beijing will adjust lending and other policies to cope with surging real estate prices, reacting to a potentially destabilizing scarcity of affordable housing and rising financial risks from property speculation.

Home buyers' savings cannot keep up with rocketing house prices.

Central bank denounces rising down payment requirements

    BEIJING, May 13 (Xinhua) -- The central bank is not brewing or studying the policy of "raising the down payment for home purchase to 50 percent", the bank's spokesperson told reporters.

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