China Developers Fall as Wen ‘Firmly’ Maintains Policy

China property stocks fell for the first time in six days in Shanghai trading after Premier Wen Jiabao doused speculation the government will ease curbs on the industry.

The government will “firmly” maintain restrictions on real estate and local authorities should continue to strictly implement its policies, Wen said according to a statement following a State Council meeting. The Shanghai Composite Index’s property gauge dropped 0.1 percent at the close, after declining as much as 1.9 percent earlier.