Overnight China story via Bloomberg ... you know, cause we don't get enough during the day!
In a joint statement from Chinese authorities including the Ministry of Commerce & the PBOC
- Overseas companies' Chinese units and foreign nationals working and living in China can buy properties for their own use that meet "real needs"
- The statement says the revisions to restrictions introduced in 2006 aim to ensure "stable and healthy" growth of the property market
"It's a substantial easing of restrictions on the central government level from the previous tightening," said Liu Yuan, a Shanghai-based research director for Centaline Group, China's biggest property agency. "However, the actual impact might be small, as overseas buyers only make a microscopic proportion of China's housing market."
