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China: Researcher plays down profit potential in property market

Posted on 11 January 2013

Potential property-market profits related to the new round of urbanization should not be overestimated. “People think that the new round of urbanization will definitely push up the property market, which I think is too optimistic,” said Qin Hong, director of policy research center under the Ministry of Land and Resource, China’s top land and housing authority.
“What I understand about the new urbanization is the quality of the urbanization, about how to change the previously unbalanced, uncoordinated, and unsustainable model,” she said………………………………………..Full Article: Source

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