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Chinese property developers hold their breath…

Posted on 13 April 2012

The adjustment in property markets is welcome, but given the significance of the sector in the overall economy, continued vigilance will be required to contain negative spillover effects.
That’s from the World Bank’s new China quarterly report, which downgrades 2012 GDP growth to 8.2 per cent from 8.4 per cent. Some of those spillover effects would have already been felt by Hangzhou Glory Real Estate, perhaps one of the first Chinese property developers to be seeking bankruptcy protection………………………………………..Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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