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China market regulation is ‘new risk to property investors’

Posted on 09 October 2008

From Bizchina-update.com: China should “continue to be relatively unaffected by global economic uncertainty, with strong economic growth and foreign investment continuing,” according to the new Asia Pacific Investment Report by Cushman & Wakefield.

The report, in association with the MIPIM Asia property conference to be held in Hong Kong in November, says the RMB is “expected to break 6.50 to the dollar in the next 12 months.” In the property sector, while developers are currently affected by a squeeze on financing, the report expects “the pace of development to continue unabated this year with 2.4 billion sq. m. of residential space currently under construction and many more projects under planning.”… Full Article: Source


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