China property forecasts cut by both Goldman and Credit Suisse

· China – the Chinese Academy of Governance says any yuan reform needs to enhance flexibility of the currency and defeat market speculations; yuan reform must aim to counter expectations of appreciation and fend off speculators – Reuters 

· China property forecasts cut by both Goldman and Credit Suisse – both firms cut profit and share-price estimates for Chinese property companies – Bloomberg

· China - China may intensify a property crackdown, financial news website Hexun cited central bank adviser Li Daokui as saying. Inflationary pressures are rising, Li said, according to the report.  Bloomberg