The municipal government in Beijing, which already has some of the toughest regulations on home...

|By:, SA News Editor

The municipal government in Beijing, which already has some of the toughest regulations on home buyers in China, could reportedly further tighten the approval process and raise taxes on resales. The speculation follows recent action from the Chinese government to cool the housing market and from the city of Shenzhen yesterday, which has helped drag down Chinese stocks.