Beijing may believe it can maintain China’s housing boom, but a growing number of critics say otherwise.
Standard & Poor’s (S&P) downgraded China’s property development sector from ‘stable’ to ‘negative’ this month. The agency warned that future downgrades could follow if government measures to release some air from the groaning, debt-fuelled, over-priced new homes business continued to effect volume……………………………………….Full Article: Source