HONG KONG - Continuing its long, and as yet futile fight to dampen real estate speculation, China has raised costs for buyers of second homes and commercial property.
The move, announced jointly late Thursday evening by its central bank and and banking regulator, the People’s Bank of China and the China Banking Regulatory Commission, is the latest indicator of the government’s anxiety over a property bubble that it has so far failed to deflate despite numerous attempts over the last two years.
