1、Property prices in China have fallen for a sixth consecutive month amid government efforts to control prices and curb speculation.New home prices in 46 out of 70 Chinese cities fell between February and March. Meanwhile prices were lower than a year ago in 38 cities.Despite the recent falls, authori
2、ties said they would continue to implement strict controls over the sector.The booming housing industry supported Chinas expansion in recent years, with real estate investment making up 13% of the nations gross domestic product in 2011.Tightening measures for the sector came in two years ago, includ
3、ing curbs on lending and restrictions on second home purchases.The worlds second-largest economy reported a growth of 8.1% in the first three months of this year from a year earlier, the slowest pace since the global financial crisis started.Now for more on this, I spoke earlier with Gu Wei, Reuters Breakingviews columnist.
