Sayre Buchanan Phillips News Today : Breaking News, Live Updates & Top Stories | Vimarsana

the indications are that since they began to introduce all sorts of administrative restrictions on the ability of households and companies to buy apartments, since april of last year, that isn t showing off. the property market has cooled it down enormously. the difficulty is to know by how much and what prices are really doing. the worst that could happen come in my opinion, is a precipitous price decline across the board in urban china. if that happens, 20, 30% over relatively short period, your going to see a lot of bankruptcies in the developers, amongst the developers. they will pull a lot of bankruptcies in the construction industry and in the thousands of supplier industry, all the construction materials. that has not happened so far. could happen, and if it happens it will be bad. it will be hard to stop. my sense is that beijing feels comfortable that they can keep this under control. they re first lin ....

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