| China will probably ease property curbs as early as the middle of the year to prevent a collapse of the housing market as the measures may boost supply to the highest in a decade, according to UBS AG.
“The gap between supply and demand will reach the peak, and the supply will be 1.5 or even 1.6 times demand, and it will be a disaster for developers,” Chen Li, head of China equity strategy at UBS, said in a Bloomberg Television interview. “Their cash flow will be exhausted to zero by the end of this year if they cannot get any financing. No one can afford that.”..........................................Full Article: Source
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