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China may ease property curbs to prevent collapse, UBS says

Posted on 11 January 2012

China will probably ease property curbs as early as the middle of the year to prevent a collapse of the housing market as the measures may boost supply to the highest in a decade, according to UBS AG.

“The gap between supply and demand will reach the peak, and the supply will be 1.5 or even 1.6 times demand, and it will be a disaster for developers,” Chen Li, head of China equity strategy at UBS, said in a Bloomberg Television interview. “Their cash flow will be exhausted to zero by the end of this year if they cannot get any financing. No one can afford that.”……………………………………Full Article: Source


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