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1.Market Observations, 5.Troubled companies

3 Oct 2016 (AFR,TaipeiTimes) – China needs to heed warnings on property

(3 October 2016, AFR, p22, By Andrew Sheng and Xiao Geng, Taipei Times)

‘Real-estate prices in China’s top cities are spiking, generating contradictory predictions of either bursting bubbles or an economic turnaround. What is really going on in China’s property market? The Chinese National Bureau of Statistics last week revealed that 10 of the 70 large and medium-size cities surveyed recorded annual price increases of more than 20 percent for newly built commercial housing. In the first-tier cities of Shanghai and Shenzhen, the gains were even higher: greater than 37 percent. In the second-tier cities of Xiamen and Hefei, the increases exceeded 40 percent.’

Read more at TaipeiTimes.com

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