CHINA-ECONOMY: REGULATIONS EASED ON HOUSING SECTOR
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The Chinese economic journal Caixin reported that the government of Heze , a fourth-tier city in Shandong province, announced on December 18, that that it will relax property controls from the following day. The restrictions prohibited local residents from selling their homes for two years and prohibit non-local buyers from selling for three years. Heze is the first city in the PRC to roll back a rule that restricts when buyers can sell their homes, and analysts say it could serve as a role model for cities in the rest of the country.
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