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China’s property price slide gathers speed

Posted on 19 January 2012

Property prices are falling at an accelerating rate across China and unsold inventories have reached the highest level in recent history, raising concerns monetary tightening may have gone too far.
Average prices fell 0.3pc in December from a month earlier, the third successive fall. The National Bureau of Statistics recorded declines in 53 of China’s 70 biggest cities. Used homes in Wenzhou dropped at an annualised rate of 45pc………………………………………..Full Article: Source


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