The setup "lacks both stability and fairness, " wrote Xu Hongcai, an economist at the China Center for International Economic Exchanges.

现行国际货币体系“既缺乏稳定性，也缺乏公平性”，中国国际经济交流中心的经济学家徐洪才写道。

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The effects of the property curbs and slower economic growth have local governments facing major fiscal difficulties, said Wang Jun, a researcher at the China Center for International Economic Exchanges, according to a transcript of his remarks on the website of the China Internet Information Center, under the State Council Information Office.

WSJ: China March Property Prices Declined