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China Home Price

Data from the National Bureau of Statistics showed the ratio of the mainland's unsold property to annual sales more than doubled to 51.5 per cent in 2014, from 24.7 per cent in 2011.

People walk through the Wanjing Soho project in central Beijing. Photo: Bloomberg

Beijing municipal government revises up land supply plan

The Beijing government over the weekend revised up its land supply plan, but to a level that’s not as large as the headline figure suggests, raising doubts whether the actual supply will be enough to rein in home prices.

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