Chinese cities are skirting around Beijing’s tight property rules

More Chinese cities have watered down tougher cooling measures in a bid to shore up faltering property market sentiment, but analysts say the wind-back efforts are small and in line with the central government’s mantra that “housing is for living, not for speculation”.The local government in Wuhan, capital of Hubei Province in central China, said last week that the senior management of companies headquartered in the city are now free to buy homes regardless of whether they are residents or non…

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