China demands cooling policies be enforced

The State Council yesterday released guidelines instructing local governments to strictly follow policies introduced to cool the mainland's housing market.

"It's now a crucial period for implementing measures on the housing market, as flat prices are expected to post stronger increases," the State Council said in guidelines dated February 26.

The directives include asking authorities to curb speculative activities in the home market by, for example, strictly implementing the government's 20 per cent tax on property reselling.

via Business feed http://www.scmp.com/business/article/1167523/china-demands-cooling-policies-be-enforced