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China property market’s outlook stable, Moody’s says

Posted on 01 December 2010

From Bloomberg: China’s property market was given a stable outlook by Moody’s Investors Service, which expects developers to withstand a “moderate downward correction” in prices in the next year following government curbs.
China this year suspended mortgages for third-home purchases and pledged to speed up trials of property taxes to restrain foreign capital and cool real estate prices. It last month raised interest rates for the first time in three years……………………………………….Full Article: Source


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