30.03.2010 - China: Blame the property boom on capital
From Xinhuanet.com: Land-use rights for three plots in Beijing were auctioned off for record prices within two days at the end of the National People's Congress (NPC) annual session, which ironically had decided to rein in the skyrocketing housing prices. The successful bidders, as in many cases, were State-owned enterprises (SOEs). No doubt, China's property market is overheated. But is there a bubble in the real estate sector?....................................Full Article: Source
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