China to keep an eye on inflation, property market

01/7/2010 | (China)

The money supply and credit policies will be used to control inflation expectations and rising prices in the property market, the People's Bank of China said. The central bank said it will direct financial institutions to follow their lending policies strictly when providing capital to the property sector. Meanwhile, Housing and Urban-Rural Development Minister Jiang Weixin said the government will take action to slow down an increase in property prices.

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