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Meet the Luxury Leaders | October 19-20 | Beverly Hills

The Chinese government is determined to curb runaway home prices, and a combination of tightened lending by banks and local measures like increased minimum down payments should curb home prices in China’s first-tier cities this year, Bloomberg News reports, citing Jian Guang Shen, a Hong Kong-based economist at Mizuho Securities Asia Ltd. Source: businessweek.com.