A new round of measures by China¡¯s central bank and government ministries to cool the real estate sector is imminent, State media said during the weekend, but analysts had doubts about how effective the steps would be.

The China Securities Journal said the central bank will soon take targeted measures to curb credit to the real estate sector to flesh out a directive from the State Council, China¡¯s cabinet, earlier last week requiring relevant government agencies to take appropriate steps to rein in overheated sectors of the market.

Further, the China Business News reported that the Ministry of Construction and the Ministry of Land and Resources are also preparing new measures for the property sector. Neither report gave details on what measures could be employed.

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