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China’s property bubble getting worse: state media

Posted on 10 December 2010

From AFP: A Chinese government think tank has warned the country’s real estate bubble is getting worse, with property prices in major cities overvalued by as much as 70 percent, state media reported Thursday.
Of the 35 major cities surveyed, property prices in eleven including Beijing and Shanghai were between 30 and 50 percent above their market value, the China Daily said, citing the Chinese Academy of Social Sciences……………………………………….Full Article: Source

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