China will step up property controls in smaller cities – finance official

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BEIJING, March 8 (Reuters) – A senior Communist Party economic official said he believes China will step up property control policies in smaller cities known as tier-three and tier-four cities.

The comments were made by Yang Weimin on the sidelines of the annual parliament session. Yang did not indicate a timeframe for the tighter policies.

Reporting by Yawen Chen and Beijing Monitoring Desk
Editing by Jacqueline Wong

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