Fitch predicts housing slowdown in China

Note: This section contains information in English only.
Source: Bloomberg

China is expected to face slower growth in construction and home sales next year, said Fitch Ratings. Moreover, analysts from UBS AG predict stagnant exports for the second-biggest economy in 2012.  Slowdown may create extra pressure on fiscal and monetary easing, added UBS. Nevertheless, Fitch expects Chinese government to stick to tight control of developers in order to alleviate property prices.

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