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The second quarterly report on the price of land in major Chinese cities has been released by the Ministry of Land and Resources. The report says the current economic environment is very complex, and that economic growth is mainly due to the government's stimulus policy.
The report adds that the world economy is still in recovery, while China is under pressure to increase its exchange rate. It also notes that internal needs are still not active enough to promote economic development.
The Ministry says recent curbs on housing prices means the government won't impose further restrictions, but will continue to fight speculation on the property market.