08.10.2008 - Chinese eye house market downturn
From NZ Herald: 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 in Hong Kong. "Expectations are building for the government to introduce policies supporting lower-income home buyers and a selective easing of credit for some developers," Ulrich said yesterday.Policymakers are trying to prevent a sharper slowdown in the world's fourth-biggest economy as the credit crisis undermines demand in export markets. ..... Full Article: Source