2012-02-15

Beijing says local governments cannot change housing policy

In Wuhu stops housing subsidy after three days I speculated that the government shut the project down. That is the case as the relevant minister in Beijing formally announced that local governments cannot change policy without permission.

住建部首次表态:地方政府不应擅自调整楼市政策
Wang Jue Lin, deputy director of the Ministry of Housing and Urban Policy Research Center, said on Monday that local governments should not attempt to adjust the central government's real estate regulatory policy, and must comply with the policy of the central position.

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