| Home prices in China’s four biggest cities have stalled since July and are set to drop after Premier Wen Jiabao this month pledged to maintain a one-and-a-half year battle to lower prices to a “reasonable” level.
Housing prices in Beijing, Shanghai, Guangzhou and Shenzhen, home to a combined 66 million people, fell from a month earlier by as much as 0.3 percent in October, data will show tomorrow, according to five analysts surveyed by Bloomberg News............................................Full Article: Source
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