A senior official on Tuesday to prevent rebounds in property prices in the second half of the year.
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We will stabilize control measures to curb speculation and increase housing supplies, especially small- and mid-sized housing, said Zhang Ping, head of the National Development and Reform Commission, in a report delivered at an ongoing bimonthly session of the national legislature.
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The country's tightened property controls have seen some results, as average home prices in 58 out of a statistical pool of 70 cities dropped in July, Zhang said.
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Local government income from the transfer of rights for state-owned land dropped 27.1 percent year on year in the first seven months, according to a separate report given by Minister of Finance Xie Xuren.Â