| The acceleration of housing price drop and apparent slump in real estate transactions in China’s first-tier cities indicate that its overheating real estate sector has become increasingly cooler. However, analysts have ruled out any possible burst of the Chinese real estate market.
In October, 34 cities in a statistical pool of 70 major cities saw declines in new home prices from September, compared with 17 cities in September, said the National Bureau of Statistics (NBS)...............................................Full Article: Source
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