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China underestimated house price growth in Beijing, Shanghai

Posted on 29 January 2013

It’s clear Chinese property prices skyrocketed over the past decade. But for some key cities, they may have risen even faster than the Chinese’s government’s most liberal estimates.
That’s the conclusion of economists Yongheng Deng, Joseph Gyourko and Jing Wu in a National Bureau of Economic Research working paper that analyzes Chinese housing and land prices………………………………………..Full Article: Source


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