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China's Central Bank Rebuts Report of Canceling Home Purchase Limit

Thursday, June 09, 2011 12:51 PM

(Source: Info-Prod Research (Middle East))trackingAccording to ACN: China's central bank on Wednesday said the media report that some "central bank researcher" forecast the cancellation of the home purchase limit within two years was factually incorrect. The report was carried by Wednesday's Oriental Morning Post, a Shanghai-based newspaper, saying that "Chen Zhanyun, a researcher on house price index with the central bank, forecast China may cancel the home purchase limit within two years, otherwise local governments and property sector will face fund difficulties." "Chen Zhanyun is not a researcher with the central bank and his remarks have nothing to do with the central bank," said the People's Bank of China (PBOC) or central bank in a statement.

Originally published by Info-Prod Strategic Business Information.

(c) 2011 Info-Prod Research (Middle East). Provided by ProQuest LLC. All rights Reserved.

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