China’s capital, Beijing, banned single-person households from buying more than one residence and increased the minimum down-payment for all buyers of second homes as the government seeks to cool the property market.
China’s stocks rallied, sending the benchmark index to its biggest two-day advance since May, as the prospect the government may relax its policy tightening measures spurred gains for the nation’s banks and property companies.
China shouldn’t stop buying U.S. debt following Standard & Poor’s downgrading of the U.S. credit rating, Yi Xianrong, researcher with the Institute of Finance and Banking under the Chinese Academy of Social Sciences, wrote in a commentary in the China Daily.
The dollar maintained losses from last week against most of its major counterparts on speculation a report tomorrow will show U.S. consumer confidence rose to the highest since July, damping demand for haven assets.
China’s stocks , the best performer among global markets in October, fell today on the prospect the government will intensify measures to curb inflation and property speculation. The losses narrowed the biggest monthly gain since July 2009 for the Shanghai Composite Index.
China must reform the way it compiles the consumer price index as its focus on food prices doesn’t tell the real tale about inflation, Yi Xianrong, a researcher at the Institute of Finance and Banking of the Chinese Academy of Social Sciences, wrote in a commentary in the China Daily.
China’s stocks fell, driving down the benchmark index by the most in almost two weeks, on concerns Greece’s debt crisis may spread to bigger economies in Europe and the Chinese government is intensifying property curbs.
China’s stocks fell, dragging the benchmark index down by the most in a week, on concern proposed rules for banks may curb credit growth and speculation intensified the government won’t loosen property restrictions.