24.04.2012 - Can China reflate the housing market?
China’s extraordinary real estate boom may finally be over. Multiple indicators suggest that China is on the precipice of a significant market correction. Prices are down in more than half of the 70 cities surveyed by National Bureau of Statistics. Beyond price data (which is subject to some skepticism), residential floor space under construction, residential real estate investment, total floor space starts, and residential floor space sales all show declines...............................................Full Article: Source
Print