subject: China restricts foreign property investments [print this page] China restricts foreign property investments
It is widely believed that foreign money is partly to blame for soaring housing prices in major cities, though the current system makes it hard for the government to have a reliable figure on the actual size of the foreign investment in the sector.
The State Administration of Foreign Exchange (SAFE) is already working to improve its international payments statistics system to enable tracking of "hot money" into the country.
