Ministry spokesman denies insufficient housing supply

Visitors examine housing models at a real estate expo in Chongqing May 11. (Xinhua Photo)

    BEIJING, May 14 (Xinhua) -- China's Ministry of Construction on Sunday denied reports that housing supply in some cities is insufficient, but admitted inconsistencies in the type of housing available.

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.

Rumours of rising down payment bring down real estate stocks

    BEIJING, May 12 (Xinhua) -- Rumors that the central bank could soon raise the required down payment for home purchases has caused a slump in real estate shares in China.

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