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China housing plan negative for market, Credit Suisse says

Posted on 03 December 2010

From Bloomberg: China’s 10 million unit target for 2011 public housing development will affect property prices and volumes, further weakening buyers’ “sentiment,” Credit Suisse Group AG said.
“If the government’s plan is strictly implemented, we expect more than 5 million units of public housing to be delivered in 2012,” analysts including Jinsong Du wrote in a report, maintaining the nation’s property industry at “underweight.” The plan is “negative” for property but will boost demand for steel, cement and home appliances……………………………………….Full Article: Source

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