30.10.2008 - China's real estate market continues to slide
From CCTV: Recent new lending policies from the Chinese government don't appear to be having much effect on propping up the battered housing market so far. To breath life back into the housing market, the central bank last week cut taxes, mortgage rates and down payments to make purchasing easier for home buyers. But dealers say they have not spotted any changes to the market, that has been in downturn for almost a year. .... Full Article: Source