Buyers overwhelming a police officer at a Shanghai real estate trading centre. Chinese authorities are cracking down on aggressive sales tactics that have exaggerated market demand and caused panic buying in many cities, amid concern that runaway prices would fuel inflation and spill over into social unrest. Photo: Reuters

Evergrande, China Overseas Land cited for ‘illegal sales and malicious speculation’ in Jinan

The two Chinese developers were named on Chinese housing ministry’s website as engaging in sales tactics that contributed to panic buying

Topic |   China property

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Buyers overwhelming a police officer at a Shanghai real estate trading centre. Chinese authorities are cracking down on aggressive sales tactics that have exaggerated market demand and caused panic buying in many cities, amid concern that runaway prices would fuel inflation and spill over into social unrest. Photo: Reuters
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