| From Earthtimes.org: As house sales and prices tumble in China amid heightened uncertainty brought by the global financial turmoil, millions of would-be first-time buyers are locked in a standoff with giant, government-backed property developers.
"Developers expect the government to save the market and loosen the control of property loans," said Zhou Fan, chairman of the Zuoyou Real Estate Consultancy, based in the southern city of Guangzhou. "Consumers expect the government not to take measures and think prices are still too high," Zhou told Deutsche Presse-Agentur dpa..... Full Article: Source
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