A Real Estate Fair In Shanghai

SHANGHAI, CHINA - MAY 3: Models of a property development project are displayed at a real estate fair on May 3, 2005 in Shanghai, China. According to a State Council executive meeting, strict land control and tax policies are among measures being implemented to increase macro-control over China's red-hot real estate sector. Local governments are required to make public the amount of ordinary and low-priced economy housing to be built this year and next as early as possible. The government will enhance price control over ordinary and economy housing to ensure a sufficient supply of medium- and small-sized homes. Participants agreed that the government should strengthen its financial supervision over both real estate development and individual housing loans to prevent loan risks, while also increasing market monitoring. (Photo by Cancan Chu/Getty Images)