As I reported back in late September, China mentioned the potential of having an oil future exchange in the Free Trade Zone in Shanghai. Now it is a confirmed threat in competing against the US exchanges with the crude oil contracts potentially priced in yuan. http://www.reuters.com/article/2013/11/21/china-crudeoil-idUSL4N0J62M120131121 Here comes the petroyuan dynasty.
After Chinese government introduced special restrictions on who and what can participate in its Beijing housing and commercial property markets for a week, the latest data shows reduction in transactions of 80% or more across all types of properties. Talking about efficiencies in controlling an overheated market.