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IMF official: China faces property bubble risk without more savings options

Posted on 14 October 2011

An International Monetary Fund official said Thursday that the Chinese property market could overheat if Beijing does not encourage financial institutions to extend more savings options to households, which have been pouring money into the housing market.
“As long as China continues to have very low, limited saving options for households there will remain a high propensity for property bubbles to develop,” said Anoop Singh, director of the Asia and Pacific department at the IMF……………………………………….Full Article: Source


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