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China should act if property market defies cooling -state paper

Posted on 31 August 2010

From Reuters: The Chinese government’s efforts to curb price rises in the property market are beginning to work, and if the market defies cooling efforts officials should impose more measures, the nation’s top official paper said on Tuesday.
A commentary in the People’s Daily, the newspaper of China’s ruling Communist Party, said shrinking transaction volumes suggested that “housing prices will start to show clear drops.”………………………………………Full Article: Source


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