China will send eight inspection teams later this month to various cities and provinces to check the implementation of property tightening measures, reports said Tuesday.
The State Council said that if there is any deviation or non-compliance of property rules, the inspection team will order local governments to correct practices.
The latest report from the National Bureau of Statistics, published on July 17, showed that among 70 major cities, only 21 recorded a month-on-month decline in home prices in June compared to 40 in May. Price growth was recorded in Beijing, Shanghai and Guangzhou.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.