[photopress:property_shanghai.jpg,full,alignright]It is possible the Central Government is considering further curbs on foreign investment in China’s property sector.
This is suggested by studies being conducted by the State Administration for Industry and Commerce according to a story in the Shanghai Securities Times, citing an unnamed real-estate industry source close to the government. It reported that at the end of November the State Administration for Industry and Commerce had ordered branches across the country to carry out the probes.
It was a sign of problems in the enforcement of previous restrictions, the report said, quoting an unnamed industry insider who participated in a recent government seminar about limits on foreign investment.
New tightening measures were highly likely to be introduced this year if the probes showed existing limits were ineffective.
Source: TDC Trade