BEIJING Dec 16 China will restrain property
bubbles and prevent price volatility, the Central Economic Work
Conference said on Friday, the official Xinhua news agency said
in a post on Weibo, the country's equivalent of social network
China will strictly limit credit flowing into speculative
buying in the property market and boost the supply of land for
cities where housing prices face stiff upward pressure, it said.
China's top leaders on Wednesday kicked off a conference to
map out economic and reform plans. The annual event is keenly
watched by investors for clues to policy priorities and economic
targets in the year ahead.
(Reporting by Beijing Monitoring Desk; Editing by Clarence