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Thread: Do you think the policies really work?
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[quote=GUESTJACK,404332]From April, China has introduced a series of measure to cool down the property market. In terms of floor area sold, transactions fell by 29 per cent in July from the month before, with many buyers remaining on the sidelines. On the other hand, House prices in 70 biggest cities were flat in July compared to the month before, having fallen 0.1 per cent in June. Obviously, the dramatic prices drops most people have expected didn’t happen. The policies seem to have worked but the influence is not as big as we think. At this moment, China Real Estate Association suggests the State Council stop issuing new policies to cool down the real estate market. The suggestion has annoyed many people. The public are still dissatisfied about the current policies. You see, they don’t work effectively. [/quote]
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