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Economists: Chinese housing prices too high

Posted on 29 June 2009

From Xinhuanet.com: Economists at a financial forum in Ningbo city of Zhejiang Province say China’s housing prices are still high, and that the warming up of the property market has mainly been due to capital influx.

An economist and former vice chairman of the standing committee of the National People’s Congress, Cheng Siwei, says China’s financial system has suffered less from the global financial crisis than those in developed countries……..Full Article: Source


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