中國樓市

Shanghai loosens housing policy after rare protests

The Shanghai city government has made a partial policy concession after a rare housing protest at the weekend, in an effort to placate middle-class anger at measures to pour cold water on a hot property market.

Some 100 demonstrators gathered in the main shopping street of Nanjing Road on Saturday night — a sight rarely seen in China’s financial capital.

The crowd said they had bought “dual-use” homes built on land sold for commercial rather than residential development, and criticised the government’s recent decision to enforce an old rule that restricts such land to commercial use.

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