In the past two years China's property market has enjoyed a spectacular rise, with average prices in some cities doubling. But that raised a red flag with Chinese economic policymakers, and in late 2007 the central government made controlling the rise of asset prices a policy priority. Since then, the State Council has rolled out a series of regulations--from credit ceilings to a 40% down-payment requirement for second mortgages--in order to combat property speculation. ...
Abolish The Federal Reserve - Gold Report-: Boom to bust
China's property bubble is about to burst
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