| From China Knowledge: China should avoid sharp fall in housing price, though a modest fall in housing cost may help sustain a healthy property market in the long run, sources reported, citing Zhang Mao, the vice minister of the National Development and Reform Commission (NDRC), China's top economic planning body.
According to Zhang, drastic fluctuations in real estate market may have severe negative impacts on the nation's economy, and a drastic price decline should be prevented..... Full Article: Source
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