From The Asia Times (link):
A series of official statements from government agencies has led to speculation that last year’s macroeconomic control measures, intended to cool excessive growth in China’s real estate sector, will soon be relaxed.
For example, China’s National Development and Reform Commission (NDRC), the central government organ in charge of macroeconomic control measures, recently released on its website a document concerning the focus of controls on the real estate industry in 2006, in which new wording was seen: the state will “encourage residents to buy houses in good time and appropriately”. The new wording differed significantly from that in the equivalent document last year, which stressed the need for effective control of the property sector.
