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China may move to revive sagging property market, JPMorgan says

Posted on 07 October 2008

From Bloomberg: China may use targeted measures and interest-rate cuts to revive a sagging property market and sustain economic growth, said Jing Ulrich, chairwoman of China equities at JPMorgan Chase & Co. in Hong Kong.

Policy makers are trying to prevent a sharper slowdown in the world’s fourth-biggest economy as the credit crisis undermines demand in export markets. China can’t afford a housing-market slump because the property sector accounts for a quarter of fixed-asset investment and 10 percent of employment….. Full Article: Source


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