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Beijing’s property curbs not overdone: World Bank

Posted on 13 April 2012

China’s property tightening measures aren’t overdone Mr Ardo Hansson, lead economist at the World Bank’s Beijing office, said even as state media reported Chinese banks offering mortgage discounts to new buyers.
Hansson also said the “tide has turned” in the once red-hot real estate market. “The very important property sector has finally begun to turn. It took so much effort to even get to the point of stabilising prices,” he said, adding that so far there had not been a sharp decline in property prices………………………………………..Full Article: Source

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