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China’s property bubble billionaires get fat but face govt cooling

Posted on 09 September 2011

China’s property and construction barons took top spots on the latest China Rich List, but now face the issue of sustaining their wealth given the Chinese government’s recent concerted efforts to cool the economy by clamping down on real estate speculation and cutting back on massive infrastructure projects.
Four of the richest 10 were property developers, up from two last year, and 29 of the top 50 had considerable property businesses……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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