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China's escalating property curbs point to Xi's new priority
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While China has spent years trying to cool property prices, analysts say this round of crackdowns will be different.
PHOTO: AFP
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BEIJING (BLOOMBERG) - After a years-long campaign to tame property prices, China is upping the ante to break a stubborn cycle of gains that has made homes increasingly unaffordable.
In recent days, China raised mortgage rates in a major city, vowed to accelerate the development of government subsidised rental housing and moved to increase scrutiny on everything from financing of developers and newly listed home prices to title transfers.
