China will further curb mounting house prices according to the National Bureau of Statistics spokesman, Zheng Jingping. However, he does not believe that such a move will effect the countrys economic growth,

He says: "House prices roes 12.5% year-on-year in the first quarter and this price increase is indeed a little bit too fast. The central government is aware of the problems in the property sector and is taking measures to tackle these problems, curbing investment and speculative behaviour in real estate."