China Home-Buying Curbs Set to Stay Despite Nascent Rally
- Several cities have backflipped quickly on loosening measures
- Xi has reiterated homes are for living in, not speculation
Photographer: Qilai Shen/Bloomberg
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China’s residential property market may be on the road to recovery but local authorities appear intent on toeing the party line, sticking to President Xi Jinping’s mantra that homes are for living in, not for speculation.