| China’s authorities have spent much of the past two years trying to engineer a slowdown in property prices. Now they have got one. What happens next?
If all goes to plan, this will be an orderly affair. Prices will continue to fall on a month-on-month basis, as they did in November, when more than half of the 70 biggest Chinese cities recorded declines. After another two or three quarters of this, the nationwide peak-to-trough fall could be in the order of 20 per cent, leaving prices about 30 per cent above their 2009 lows...............................................Full Article: Source
|