Chinese Govt Hopes for Soft Landing After Housing Bubble

Local governments don't want a repeat of 2014.

Caijing: 解剖楼市调控松绑摆乌龙戏码：让泡沫渐进实现软着陆

To put it plainly, the local government can not stand the impact of the property market downturn on finance, taxation, fixed asset investment and the economy began tentatively to relax the policy, in a similar way to signal the release signal to the market deregulation policy and observe the market reaction and the upper layer. If the upper layer does not respond, then relaxed to achieve the purpose.