BEIJING -- China has moved to bar housing construction in some areas in its latest attempt to shrink a mountain of unsold homes that is weighing on prices.
Land sales restrictions could hit 40% of big cities, hurting key income stream

High-rise condominiums outside Beijing. Many cities are grappling with an oversupply of housing. (Photo by Mizuho Miyazaki)
BEIJING -- China has moved to bar housing construction in some areas in its latest attempt to shrink a mountain of unsold homes that is weighing on prices.