China Proposes A Fix For Its Crashing Housing Market: "Transplant" 100 Million Farmers Into Its Cities

"Obsolete restrictive measures [in the property market] will be revoked," said the statement, without specifying which "restrictive measures" it was referring to. To rein in house prices, China has been trying to curb real estate speculation, with policies such as "home purchase restriction" that only allows registered residents to buy houses. It is believed the restrictive policies mainly affected the property markets in third- and fourth-tier cities, which saw the most supply glut .... http://www.zerohedge.com