China Business & Economy

In Latest Attempt to Stabilize Economy, Capital Cities Throughout China Curb Property Sales

In Latest Attempt to Stabilize Economy, Capital Cities Throughout China Curb Property Sales
Property projects in the downtown area of Chongqing, China, on July 9, 2007. Photo by China Photos/Getty Images
Annie Wu
|Updated:
China has devised a new way of preventing money from flowing abroad: by curbing home property sales.
This past weekend, seven provincial capitals and Chongqing, a centrally-controlled municipality, banned homeowners and investors from selling their property.
Annie Wu
Annie Wu
Author
Annie Wu joined the full-time staff at the Epoch Times in July 2014. That year, she won a first-place award from the New York Press Association for best spot news coverage. She is a graduate of Barnard College and the Columbia University Graduate School of Journalism.
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