The Chinese government has announced their intention to increase the stock of affordable housing and tax homes sold within five years or less of purchase.
From Bloomberg News: "China is not likely to take 'heavy-handed policy measures' next year as 'any sharp correction in the property market may hamper overall economic growth,' Fitch Ratings wrote in a report today.
The policies announced yesterday to reduce property-price increases should aid economic growth because the government will boost the supply of homes rather than limit investment, Bank of America-Merrill Lynch economists Lu Ting and T.J. Bond said in an e-mailed note today."
FULL STORY: China Developers Fall as Government Targets Housing

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