摘 要: | Measures to cool down China's red-hot housing market are sweeping the country. The State Council, China's cabinet, issued a circular in late May announcing an increase in the minimum down payment for a new apartment larger than 90 square meters to 30 percent from 20 percent and imposing a transaction tax on properties resold within five years of purchase, among others. One of the aims, according to the cir-
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