China’s biggest cities have suspended land auctions after new rules failed to rein in prices.
The rules were introduced as part of president Xi Jinping’s campaign to reduce runaway house prices, but have instead had the opposite effect.
China’s biggest cities have suspended land auctions after new rules failed to rein in prices.
The rules were introduced as part of president Xi Jinping’s campaign to reduce runaway house prices, but have instead had the opposite effect.
The FT (£)
