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MOSCOW, May 7, 2016 (Xinhua) -- Alexei Marchenko (L) of Russia vies with Jan Kovar of Czech Republic during their 2016 IIHF Ice Hockey World Championship Group A match in Moscow, Russia, on May 6, 2016. Czech won in 3-0. (XinhuaDai Tianfang)

Stricter local rules on down payments Cheap Nike Air Max 97 Sale , number of homes people can own Over a thousand home buyers in Haikou, South China's Hainan Province - a city which has yet to join the latest round of home purchase restriction policies - wait for a chance to buy 500 homes on Friday morning, in spite of a high asking price. All the homes were sold by 3 pm. Photo: IC

Local governments of 19 cities in China rolled out policies including higher down payment rates and purchase restrictions over the National Day holidays to cool their red-hot real estate markets.

Experts praised the policies as "understandable," noting the government needs to keep the housing market from overheating.

The measures were rolled out between September 30 and Thursday in first-tier cities such as Beijing and Shenzhen and smaller cities including Wuxi and Suzhou in East China's Jiangsu Province.

Some measures involved an increase in the minimum mortgage down payment for home buyers. The Beijing municipal government Cheap Nike Air Max 270 Sale , for example, introduced a policy on September 30 to increase the down payment for first-time house buyers to 35 percent from 30 percent.

Other local governments launched polices to restrict the number of houses that people can buy. On Tuesday, the government of Guangzhou, capital of South China's Guangdong Province Cheap Nike Air Max 90 Sale , issued a statement that limited local residents to purchasing a maximum of two properties, while stipulating that non-local residents who can provide certain tax or social security payment documents can purchase up to one property.

Experts note that local governments' real estate policies have been volatile in recent years.

The government of Zhuhai in Guangdong Province, for example, launched a policy on Thursday that limited the house purchasing rights of certain residents. The policy was launched only about six months after the local government completely lifted house buying restrictions in the city.

"In order to maintain sound growth of the domestic economy Cheap Nike Air Max 2019 Sale , the central government must make sure that the real estate market develops in a stable way, neither overheated nor overly cool," Xue Jianxiong, president of the asset management firm UTC Cheap Nike Air Max Shoes Sale , told the Global Times on Friday.

Gu Yunchang, deputy head of the China Real Estate and Housing Research Association, told the Global Times on Friday that the real estate market in China has cyclical tendencies.

"The real estate market declined in 2014 and stabilized in 2015. In 2016, the real estate market in China showed signs of unevenness. The housing market in most first- and second-tier cities heated up Cheap Nike Air Max Trainers Outlet , but oversupply still continued in smaller cities," Gu noted.

Statistics from the National Bureau of Statistics showed that in September, of the 70 major cities in China, 64 cities saw their housing prices rise compared with August Cheap Nike Air Max 97 Outlet , while 62 saw their housing prices surge on a yearly basis.

Differing from city to city

This round of real estate policies has been "a bit too violent," and in some cities, the policies have not been rolled out at the most appropriate time, Xue said.

He noted that the effects of the policies will differ from city to city.

"The housing prices in Suzhou will fall soon Cheap Nike Air Max 270 Outlet , as the city's prices have been surging for a long time and on a great scale, and the market demand has therefore been digested to a great extent. But in Beijing and Guangzhou, where the prices have yet to reach their peak, the housing market will continue to rise despite the controls Cheap Nike Air Max 90 Outlet ," he said.

Xue also pointed out that as controls tighten up in first- and second-tier cities, capital will flow to other cities, which might lead to the next round of housing price spikes.


BERLIN, May 28(Xinhua) -- A total of 33 people have been brought to hospital due to a lightning strike on Saturday during a football match in the west of German state of Rhineland-Palatinate, German media Focus Online reported, citing a police spokesman.

The report said that among the total injured, there were 29 children. Three of the wounded were suffering serious injuries in the accident in Hoppstaetten, a city in western Rhineland-Palatinate.

The referee of the E-Youth game was hit directly by lightning. After receiving some resuscitative measures, the 45-year-old man was then brought to a hospital by a emergency rescue helicopter. Two other adults were also seriously injured.

The police spokesman was quoted as saying that the affected children were apparently not seriously injured. However, they were taken to hospital for precautionary examinations.

According to the report, the football game had just ended at the time of the lightning strike. ""There was no rain and no dark skies, according to witnesses,"" said the spokesman to Focus Online.

As a meteorologist of the German Weather Service (DWD)said, three storm cells were in the area when the accident took place. The DWD warned residents in large parts of Rhineland-Palatinate of severe thunderstorms on Saturday afternoon.


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