Property market 'too big to fail'?

Economists predict home purchase restrictions will be eased as the government seeks to boost growth, Hu Yuanyuan reports

Chinese consumers are accustomed to all types of government measures to restrain rising home prices. Now it's time for a probable turnaround.

Property deals in Hangzhou in East China's Zhejiang province are set to terminate if the actual transaction price is 15 percent lower than that developers recorded with the municipal government.