CHINESE VISITORS VIEW MODELS OF NEW VILLAS IN SHANGHAI, 2003-03-02 (photo)

Chinese visitors view models of new villas at a real estate exhibition in Shanghai March 2, 2003. China's central bank warned commercial banks to tighten their lending policies on fears of a property bubble as the government launched a campaign to tighten regulation of the property sector, state media said on Friday. Fears the country's property sector, where investment grew at nearly three times the pace of China overall economy last year, is overheating in key cities has sparked scrutiny of reckless lending by banks to home buyers and developers. REUTERS/Claro Cortes IV CC