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Why China’s property market is getting scary

Posted on 06 March 2013

Worries that China’s home market is over heating are spreading beyond mainland policymakers — who recently unveiled a slew of cooling measures — with key industry players including the head of the country’s largest real estate developer warning of huge risks in the sector.
Wang Shi, CEO of Vanke said on CBS News’ “60 Minutes” show over the weekend that China’s property sector was already in a bubble state. China has seen a boom in the property sector recently, with some cities seeing a 10-fold increase in prices, that have driven the average home buyer out of the market………………………………………..Full Article: Source


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