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China property price-cuts please some, punish others

Posted on 01 November 2011

China thought it had a good plan: Bring down soaring house prices so millions of frustrated wage-earning families can afford new homes, and social harmony will follow.
However, furious protests by existing homeowners against price-cuts on new developments show that the road to real estate equilibrium is a rocky one…………………………………………Full Article: Source


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