More China cities move to limit home purchases (2)

Last week, the Beijing municipal government unveiled the toughest measures ever prohibiting home purchases by non-local registered families who have no proof of social security contributions or income tax payments in the Chinese capital for five straight years.
More than a dozen major Chinese cities, including Shanghai, Tianjin, Nanjing, Wuhan and Xiamen, have moved to limit home purchases this month.
This came after the State Council, China's Cabinet, ordered late last month that cities with soaring home prices must implement strict measures to restrict home purchases.