donderdag 14 juni 2012

SiTU WARNING 1 (THE CHINESE REAL ESTATE BUBBLE)

China’s central bank pledged support for first-home buyers as a crackdown on real-estate speculation threatens to trigger a property slump in the world’s second-biggest economy.
Officials will increase support for construction of affordable housing and ensure that “loan demand from first-home families” is met, the People’s Bank of China said on its website yesterday evening.

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