The Traderszone Network

Published in TZ Latest News 25 September, 2016 by The TZ Newswire Staff

China’s housing frenzy is still on

Home prices in China are “high and hard to accept,” said 53.7 percent of the respondents in a survey by the People’s Bank of China, published in the People’s Daily, the official paper of the Communist Party. Only 42.9 percent found them “acceptable.” And only 23.1 percent predicted that they would rise next quarter, while 11.9 percent expected them to fall. But that isn’t stopping people from wanting to participate in this frenzy. “Nevertheless, the ratio … [more]

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