11.04.2012 - Property investors lie in wait for China slowdown
Cash-strapped Chinese property companies may face a reckoning this year amid high debts and a government campaign to bring down housing prices. If that happens, a number of outside investors are waiting to step in. Prompted in part by approaches from Chinese and Hong Kong property companies, French insurer AXA SA'sreal-estate arm is planning to make its first investment in China this year and hopes to invest 2 billion ($2.6 billion) in the market over the next five years, mainly in major cities such as Beijing and Shanghai...............................................Full Article: Source
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