BEIJING, May 22-- With housing prices and sales stagnating in China's major cities following tough property controls, smaller cities are starting to join in. Last weekend, property sales were restricted in several second- and third-tier cities, as speculators shift their attention to these areas.Around 30 cities have introduced sales restrictions to different extents. In Baoding, a city in north China's Hebei Province, certain properties are subject to a 10-year lock-up period before they can be resold. In Jiaxing, a city in east China's Zhejiang Province, non-residents will not be able to resell houses within two years of buying them. |