Latest in Tag: Chinese property Highlight

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Latest in Tag: Chinese property


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Sudden drop in Chinese property prices leaves speculators reeling

Developers in some Chinese cities have cut prices by up to 30 percent as demand for new housing plummets. Public anger has poured onto the streets despite official figures showing a still-healthy property sector.For the last two decades, property speculation in China has been a one-way bet. Take 57-year-old Shanghai businessman Tai Pei, for example. …

Deutsche Welle

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