Rein in housing prices
China Daily | Updated: 2012-12-20 08:06
The recent rise in domestic housing prices in defiance of real estate regulations highlights the need for the authorities to take more forcible and targeted measures to tame the speculation-prone housing market.
Figures released on Tuesday by the National Bureau of Statistics show that 53 of China's 70 monitored large and medium-sized cities witnessed a month-on-month price rise in November, compared with 35 in October.
As a barometer of national housing prices, Beijing witnessed a 0.6 percent rise in the price of newly built commercial housing in November from the previous month, according to the bureau's statistics.
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