13.04.2012 - Chinese property developers hold their breath…
The adjustment in property markets is welcome, but given the significance of the sector in the overall economy, continued vigilance will be required to contain negative spillover effects. That’s from the World Bank’s new China quarterly report, which downgrades 2012 GDP growth to 8.2 per cent from 8.4 per cent. Some of those spillover effects would have already been felt by Hangzhou Glory Real Estate, perhaps one of the first Chinese property developers to be seeking bankruptcy protection...............................................Full Article: Source
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