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Developers in China slash housing prices

Posted on 04 October 2011

There are signs of trouble in the China’s real-estate market, which has the potential to ripple across the Pacific Ocean and affect Vancouver housing prices. Writing on the American Perspective from China blog, Patrick Chovanec suggests that “China’s economy may be approaching a crisis”.
Chovanec, a professor at Tsinghua University’s School of Economics and Management in Beijing, adds that “one potential interpretation of this crisis is that China is entering the terminal stage of a bubble, and that what we are seeing are the early signs of a much broader collapse”……………………………………….Full Article: Source


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