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China's housing sales prices partly decline


10-21-2016 16:27 BJT

China's National Bureau of Statistics said real estate sector has been stabilized,  because of the effects of regulatory policies.

Spokesman Sheng Laiyun said recent tightening measures would not influence the destocking policies or have a "very big impact" on economic growth.

Recently, more than 20 cities have adopted restrictive measures to prevent speculative buying. The housing sales of first tier cities and some second tier cities are under control.

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