Report: China to Curb Foreign Investment

FOREIGNERS won't be allowed to buy homes or apartments in China until they've been here at least a year, the central government said yesterday as it issued a series of new policies designed to dampen the flow of overseas capital into the red-hot property market. China has drafted rules that would sharply restrict foreign investment in real estate in the latest attempt to cool off a construction boom.
(Source: Shanghai Daily on July 24, 2006)