Ex-IMF economist Rogoff gloomy on China property

Posted by property | Posted in Real Estate | Posted on 06-07-2010-05-2008

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Ex-IMF economist Rogoff gloomy on China property
BEIJING: China’s property market is beginning a collapse that will hit the banking system, Harvard University economics Kenneth Rogoff told Bloomberg Television.Property transactions have dropped and prices are stagnating in the wake of steps in recent months by the central government to cool the market.Xu Shaoshi, minister of land and resources, said at the weekend that he expected prices to …
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Ex-IMF economist Rogoff gloomy on China property
BEIJING, July 6 — China’s property market is beginning a collapse that will hit the banking system, Harvard University economics Kenneth Rogoff told Bloomberg Television. Property transactions have dropped and prices are stagnating in the wake of steps in recent months by the central government to cool the market. Xu Shaoshi, minister of land and …
Read more on The Malaysian Insider

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