China to continue property curbs into next year

China will retain stringent property legislation into the New Year in order to bring house prices back down to a “reasonable level” according to the country’s official Xinhua news agency.

The decision was taken at the 3-day long, behind-closed-doors discussion entitled the Central Economic Work Meeting, Xinhua says.

“China will ensure that macroeconomic regulation policies and overall consumer prices remain basically stable and will guarantee the steady growth of the economy and maintain social stability."

Source: OPP