S&P holds China property market outlook negative

Note: This section contains information in English only.
Source: RTTNews
The outlook for the Chinese real estate development sector stayed negative despite some advance in the last six month amid improving liquidity and an increase in sales volumes, S&P said on Wednesday. Property prices in China rose in 35 out of 70 cities in August, an increase was due to interest rate cuts by the People's Bank of China.
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