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China developer sees more weakness

Posted on 09 August 2012

China Vanke Co., China’s largest property developer by sales, said a decline in new housing construction may continue in the second half of the year as a dip in sales and weaker access to credit curb appetite for expansion.
Investors are closely watching China’s property market for signs of improvement as authorities seek to reverse a slowdown in the broader economy. Investment in property development accounts for more than 10% of GDP and has an impact on other sectors as well………………………………………..Full Article: Source


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