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Mon 12 Dec 2009Chinese leader aims to avert bubble in property market
CHINESE PREMIER Wen Jiabao has said the government will cool property prices, resist pressure for the yuan to appreciate and keep inflation at “reasonable” levels.
“Property prices have risen too quickly in some areas and we should use taxes and loan interest rates to stabilise” them, Mr Wen said at the weekend in an online interview with the official Xinhua News Agency.
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