Premier Wen: Brace for More Property Regs

Chinese Premier Wen Jiabao said China must continue to try to curb fast-rising property prices in certain cities despite the downside pressure of government policies being put on Chinese markets, China Business News reported May 17.

The National Development and Reform Commission (NDRC) is drafting long-term policies to regulate the real estate market, Xinhua's Economic Information Daily reported May 17.