This article is about reports from Premier Wen Jiabao. The annual reports say that China will continue to regulate the real estate market in order to keep property prices down. However, the market continues to suffer from "declining sales and tightened credit." According to sources, prices are forecasted to drop in rural areas but will most likely remain constant in large cities. It was also noted that Star River has offered discounts of as much as twenty percent to buyers in Shangai to stimulate sales.
http://online.wsj.com/article/SB10001424052970203458604577262652373770374.html?mod=rss_asia_whats_news
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