Oversupply in China's property market partly reason for relaxation of foreign investment rules

The oversupply situation in China's property market is partly the reason for the relaxation of foreign investment regulations in the property market, a commerce ministry spokesman said on Wednesday. 

PHOTO: REUTERS

SEP 16, 201511:15 AM

[BEIJING] The oversupply situation in China's property market is partly the reason for the relaxation of foreign investment regulations in the property market, a commerce ministry spokesman said on Wednesday.

Last month, China relaxed its property investment rules for foreigners across the country, providing a fillip to the real estate market and stumbling economy.

REUTERS