China to continue home purchase restriction

© Scanpix/Reuters

China plans to extend real estate growth's tightening policies after expiration of the current one, according to China's Ministry of Housing and Urban-Rural Development. Last year over 48 cities issued limitations on the number of houses the person can buy to combat speculation and booming prices. Analysts expected China to ease its property restriction measures as a part of fine-tuning of macroeconomic policies to adjust to global slowdown.