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China property bubble poised to pop

Posted on 10 January 2012

Economists warn that China’s property bubble could pop, resulting in a worldwide economic downturn, if current building and valuation continues.

Writing in the Philippine Daily Inquirer, former secretary of the Department of Trade and Industry Cesar Batista says China’s economic boom is wrapped up in real estate that is underutilized and does not provide long-term economic benefits…………………………………….Full Article: Source


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