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China property tightening policies to continue
SHANGHAI, July 29 (Reuters) - Tightening measures to curb speculation in China's real estate sector will not be changed, the official Shanghai Securities News reported on Thursday, citing a government researcher.
Liu Yingjie, a researcher at China's State Council, or cabinet, said regulation in the property market had been effective in regulating the surge in housing prices in some cities.
Beijing clamped down on the country's property sector in mid-April this year, unleashing a range of measures including requiring higher down payments and mortgage rates to curb rapid housing price rises, and triggering a near 30 percent fall in Shanghai's Composite Index.
China's property prices fell 0.1 percent in June from May, the first month decline since February 2009.
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