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[时事] 国际英语资讯:Economic Watch: China steps up property controls in smaller cities amid market divergence

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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.

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