The Chinese government will not relax regulations that clamp down on speculative housing purchases. That's according to an official with the Ministry of Housing and Urban-Rural Development.
Wang Juelin, a deputy director of the ministry's research center said on Monday that there will be no relaxation of policies until the government achieves its intended results. Wang predicted that property sales in the second half will be better than those in the first half, adding that swollen housing prices are slowly decreasing.
Some analysts believe that the government may relax restrictions on the market during the second half of the year to counter slowing domestic and overseas growth.