Subscribe free to our newsletters via your
. Nuclear Energy News .




POLITICAL ECONOMY
Property price rises ease in Chinese cities
by Staff Writers
Beijing (AFP) Sept 18, 2012


Rises in new home prices moderated broadly in Chinese cities last month, official data showed Tuesday, after authorities vowed to keep a tight grip over the once red-hot sector.

Prices in 36 out of the 70 cities tracked by the government increased in August from July, the National Bureau of Statistics said in a statement, down from 50 the previous month.

At the same time the cost of a new home in 20 cities fell in August, the bureau said, more than double the nine seen in July.

Prices in another 14 cities were unchanged, compared with 11 in July, bureau said.

The August result marked the end of a four-month streak in which the number of cities recording rising home prices had increased.

China has been implementing measures for more than two years to curb speculation in the housing market, including bans on buying second homes, raising minimum down-payments and imposing property taxes in certain areas.

The market, however, has showed some signs of recovery in recent months after Beijing cut interest rates twice and encouraged bank lending by slashing reserve requirements at banks to boost the country's slowing economy.

Local governments also covertly relaxed limits on the property sector.

Premier Wen Jiabao, however, said earlier this month that it was too early to loosen curbs on speculative property investment.

His comments came just days after the official Xinhua news agency reported that the housing ministry was studying new measures to beef up controls on the property sector.

China's decision-makers have been vigilant about the potential of skyrocketing home prices to foster social tension, particularly ahead of a once-in-a-decade leadership transition due next month.

.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








POLITICAL ECONOMY
China pledges more financial reform by 2015
Shanghai (AFP) Sept 17, 2012
China said Monday it would move to allow its currency to float more freely and further liberalise state-set interest rates in a broad financial plan through 2015. Financial regulators voiced support for reform in the five-year plan for the 2011-2015 period, which was released by the central bank on Monday. The plan said China would move towards making its tightly-controlled currency, the ... read more


POLITICAL ECONOMY
EU confirms change in biofuel targets

France reconsiders plans to boost biofuel use

World Energy and Hydro Dynamics team up to promote SPR cavitation reactor technology

West Coast distributor expands biodiesel offering

POLITICAL ECONOMY
Hanwha Solar Enters Distribution Partnership with AEE Solar

Retail Complex Goes Solar With 1,196 Solar PV Panel System from Eclipsall

The UK's first solar powered major waste treatment plant

Top Solar Polysilicon Suppliers Must Cut Production to End Oversupply, Boost Pricing

POLITICAL ECONOMY
Sufficient wind energy available to meet global demands without damaging climate

Report backs greater role for wind energy

Wind could meet many times world's total power demand by 2030

High-altitude winds have large potential as a source of clean energy

POLITICAL ECONOMY
China to invest $3.5 bn in Zimbabwe power plant: report

EP passes sulfur fuel, efficiency bills

France's Hollande outlines 'green' energy policy

Cuba outage points to infrastructure flaws

POLITICAL ECONOMY
Iraq oil growth slowing would be 'bad news'

Norway investigates leak on BP platform

Iran says will hit Hormuz, US bases, Israel if attacked

Russia is facing strong competition from US shale gas expansion

POLITICAL ECONOMY
Meteors Might Add Methane to Exoplanet Atmospheres

Two 'hot Jupiters' found in star cluster: NASA

Planets Can Form in the Galactic Center

Birth of a planet

POLITICAL ECONOMY
Berlin rejects Israeli pressure over subs sale to Egypt

US Army's JLENS will protect sailors, critical waterways

Egypt subs deal boosts German arms sales

Nuclear-powered cruisers' upgrade: when economy is pointless

POLITICAL ECONOMY
NASA Mars Rover Opportunity Reveals Geological Mystery

Opportunity Begins Examining Clay Minerals

Squyres Warns Congress of Threats to Mars Program

India to launch Mars mission in 2013: official




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement