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China cheating crunch

Posted on 23 July 2009

From Themovechannel.com: The price of new residential property in 36 cities in China has increased by 6.3 per cent in the last year, new figures show.

As a result bank lending has tripled in the last six months because of increased demand for property, according to the National Development and Reform Commission. In June alone prices increased by 1.1 per cent, the economic planning agency said………Full Article: Source


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