| From Businessweek.com: China is able to “digest” the country’s high property prices because of the huge population of rural residents seeking to migrate to urban areas, said the planning ministry’s deputy research director.
China does have a “structural property bubble,” the National Development and Reform Commission’s Vice Research Director Chen Dongqi said today at a Beijing conference, citing soaring prices in southern China’s Sanya city as example. “The bubble is controllable and still developing.”....................................Full Article: Source
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