China August Home Prices Rise in Fewer Cities Easing Policy Woes

China August Home Prices Rise in Fewer Cities Easing Policy Woes

Nelson Ching/Bloomberg

The property measures have achieved “obvious results” and the rapid increase in prices are under control, while the government needs to firmly rein in buying for speculation and investment, the official Xinhua News Agency reported on Sept. 1, citing Premier Wen Jiabao’s comments during an inspection tour in Tianjin.