Government Moves to Curb Rising Home Prices . . . In China
U.S. homeowners can only drool over the seemingly unstoppable rise in home prices in China; and while the thought of spiraling prices may seem attractive, Chinese leaders are concerned over the possibility of creating an asset bubble. Although prices have fallen to the slowest pace in 10 months--currently 8.6% over a year earlier--officials are considering further measures.
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