07.10.2008 - China may move to revive sagging property market, JPMorgan says
From Bloomberg: China may use targeted measures and interest-rate cuts to revive a sagging property market and sustain economic growth, said Jing Ulrich, chairwoman of China equities at JPMorgan Chase & Co. in Hong Kong. Policy makers are trying to prevent a sharper slowdown in the world's fourth-biggest economy as the credit crisis undermines demand in export markets. China can't afford a housing-market slump because the property sector accounts for a quarter of fixed-asset investment and 10 percent of employment..... Full Article: Source