23.10.2008 - China's real estate: To Pop or to Prop
From EEO: A real estate trading slowdown in China over the past several months has cornered developers into buying less land for new projects, hurting related business sectors and local governments' revenues in taxation and land transfer fees. In response, local authorities in 18 cities throughout China have in past months introduced stimulus policies, including loosening credits, cutting taxes, offering subsidies, and extending housing project time limits to prop up the sluggish market..... Full Article: Source
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