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BEIJING-The Chinese Government has released proposed rules tolimit foreign investment in real estate as part of a package ofmeasures intended to cool the surging economy, the official newsagency of the government says.
The government has tried to rein in an investment boom byraising interest rates, tightening lending rules and banning someconstruction projects outright. Officials are concerned thatexcessive spending on assets could fuel inflation or causefinancial problems for banks if deeply indebted borrowers defaulton loans.
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