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Sat, 10 Apr 2021 10:00   Pearl Liu

Beijing orders five Chinese cities including Guangzhou, Dongguan to rein in their runaway house prices

China’s central government has told the leaders of five cities to rein in their overheated residential property markets in a move analysts believe signals Beijing is prepared to intervene directly where required.The deputy housing minister summoned top officials from Guangzhou, Hefei, Ningbo, Dongguan and Nantong on Thursday and instructed them to to roll out cooling measures where needed, according to the Xinhua state news agency.“The local government should actively monitor new issues in its…

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