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Chinese property market faces grim year ahead

Posted on 07 October 2011

An expected slump in the property market will drag on China’s broader economic growth, according to Capital Economics. And although the prospects look increasingly gloomy and many property developers are likely to fail, the economic consultancy believes policy support from Beijing is likely to soften the impact.
“Controls on bank lending and trust companies have pushed developers towards unregulated, ‘underground’ lenders……………………………………….Full Article: Source

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