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No US-style crash for Chinese housing market, predicts JP Morgan

Posted on 08 March 2013

China’s property sector is not headed for a US-style crash given strong demand and low leverage in the sector, said Fang Fang, chief executive officer for China investment banking at JPMorgan Chase.
Fang Fang, who is also part of the Chinese People’s Political Consultative Conference — a political advisory body, told CNBC on Thursday: “The market has reacted negatively over the past few days [to the recent cooling measures] but people still believe there is solid demand for properties, particularly in the big cities, so the impact may be temporary.”……………………………………….Full Article: Source

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