Shanghai Chinanews, Shanghai, July 12
China aims to control the soaring housing price in 2007. However, as half of the year has already passed, China now faces a new round of housing price rise, the Shanghai Securities Journal reported.
At present, Chinese government has kicked off a nationwide campaign that aims to audit the land transfer fees and land exploitation management funds in ten big cities in China.
Local governments in Beijing, Shanghai and Shenzhen also have begun to take some measures to control the local real estate markets. With these measures, it is hoped that the price fever in the real estate market can be cooled down to some extent.
