7 Chinese cities just cracked down on residential speculators

Local Chinese governments just made it tougher for millions of citizens to buy homes, in an attempt to stop excessive speculation.Governments in seven Chinese cities have just introduced measures raising down-payment requirements for first and second homes, and ruled some potential buyers ineligible, according to Bloomberg. Sichuan’s provincial capital Chengdu and Henan’s provincial capital Zhengzhou have banned third […]