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China heading for soft landing despite property slide, IMF says

Posted on 20 March 2012

International Monetary Fund (IMF) official Zhu Min said China will avoid an economic hard landing even as government data showed property prices falling in most of the nation’s biggest cities.
“China’s heading for a soft landing,” Zhu, a deputy managing director at the IMF, said in Hong Kong yesterday. At the same conference, Reserve Bank of Australia Governor Glenn Stevens also expressed confidence in an economy he said is closing in on that of the US. Prices of new apartments fell in 45 of 70 cities in February from January, the Statistics Bureau said……………………………………….Full Article: Source


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