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BEIJING (AP) - Foreigners in Beijing will be limited to buying a single home for their own use under new curbs imposed amid efforts to slow a surge in housing costs, newspapers reported Saturday.
Foreign home-buyers in Beijing will have to prove they have lived in China for a year for work or study, and will be barred from renting out the property, the Beijing Morning Post and China Daily newspapers said.
China's government is trying to restrain a jump in housing prices and cool an investment boom that Chinese leaders worry could spark inflation or a financial crisis.
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