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Central bank department criticises property curbs

24 August 2012

A department at the People’s Bank of China (PBoC) has said home purchase restrictions (HPR) are hurting genuine property demand and unnecessarily increasing the pain of economic tightening. We think the criticism, which came in a research report by the PBoC’s statistics department, reveals that official opinions on the HPR are diverging, raising the chances of a softening in restrictions over time. 

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