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China’s property market at turning point, Xie says

Posted on 08 November 2010

From Marketwatch.com: China’s property market has reached a turning point and will begin a gradual decline for years, said financial analyst Andy Xie at the Caixin Summit in Beijing.
“The property market has reached its peak,” said Xie, a board member at the firm Rosetta Stone Advisors. “Generally speaking, the government has been keeping money supply growth lower than the [gross domestic product] growth this year, and the tightened currency supply will leave little room for housing prices to rise further.”………………………………………Full Article: Source


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