. Energy News .




.
POLITICAL ECONOMY
Property price rises ease in Chinese cities
by Staff Writers
Beijing (AFP) Sept 18, 2012


Rises in new home prices moderated broadly in Chinese cities last month, official data showed Tuesday, after authorities vowed to keep a tight grip over the once red-hot sector.

Prices in 36 out of the 70 cities tracked by the government increased in August from July, the National Bureau of Statistics said in a statement, down from 50 the previous month.

At the same time the cost of a new home in 20 cities fell in August, the bureau said, more than double the nine seen in July.

Prices in another 14 cities were unchanged, compared with 11 in July, bureau said.

The August result marked the end of a four-month streak in which the number of cities recording rising home prices had increased.

China has been implementing measures for more than two years to curb speculation in the housing market, including bans on buying second homes, raising minimum down-payments and imposing property taxes in certain areas.

The market, however, has showed some signs of recovery in recent months after Beijing cut interest rates twice and encouraged bank lending by slashing reserve requirements at banks to boost the country's slowing economy.

Local governments also covertly relaxed limits on the property sector.

Premier Wen Jiabao, however, said earlier this month that it was too early to loosen curbs on speculative property investment.

His comments came just days after the official Xinhua news agency reported that the housing ministry was studying new measures to beef up controls on the property sector.

China's decision-makers have been vigilant about the potential of skyrocketing home prices to foster social tension, particularly ahead of a once-in-a-decade leadership transition due next month.

Related Links
The Economy




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



POLITICAL ECONOMY
China pledges more financial reform by 2015
Shanghai (AFP) Sept 17, 2012
China said Monday it would move to allow its currency to float more freely and further liberalise state-set interest rates in a broad financial plan through 2015. Financial regulators voiced support for reform in the five-year plan for the 2011-2015 period, which was released by the central bank on Monday. The plan said China would move towards making its tightly-controlled currency, the ... read more


POLITICAL ECONOMY
More satellite launches planned for upgrading maritime monitoring

Astrium installs new terminal in Mexico to receive SPOT 6 and SPOT 7 imagery

Suomi NPP Captures Smoke Plume Images from Russian and African Fires

Remote Sensing Satellite Sends First Earth Imagery

POLITICAL ECONOMY
Countdown: a month to go to Galileo's next launch

Monitech Announces Zero-Installation Tracking System for Automotive Industry

Lockheed Martin and Raytheon Complete First Launch Exercise for Next Generation GPS Satellites

Northrop Grumman to Supply Bridge Navigation Systems for Swire Group's Dry Cargo Ships

POLITICAL ECONOMY
Old Deeds, Witness Trees Offer Glimpse of Pre-settlement Forest in West Virginia

Trouble in paradise: Does nature worship harm the environment?

Forest mortality and climate change: The big picture

Salt Seeds Clouds in the Amazon Rainforest

POLITICAL ECONOMY
Sorghum Eyed as a Southern Bioenergy Crop

EU confirms change in biofuel targets

France reconsiders plans to boost biofuel use

World Energy and Hydro Dynamics team up to promote SPR cavitation reactor technology

POLITICAL ECONOMY
China solar dumping a topic for EU talks?

Q.CELLS North America Showcases Latest Innovation at Solar Power International 2012

Hanwha Solar Unveils Product Innovations with Strategic Partners

SolarBridge Technologies Introduces Global Microinverter Platform

POLITICAL ECONOMY
Sufficient wind energy available to meet global demands without damaging climate

Report backs greater role for wind energy

Wind could meet many times world's total power demand by 2030

High-altitude winds have large potential as a source of clean energy

POLITICAL ECONOMY
Australian coal basin may be top 10 polluter: Greenpeace

Coal mining jobs slashed in Australia

China mine accident kills 10

Chinese coal mining a risk?

POLITICAL ECONOMY
Chinese man wrongly sent to labour camp: panel

H.K. students protest over 'brainwashing' classes

China villager bombs local government office

China's Wen says property controls still needed: Xinhua


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement