China's property prices are likely to decline moderately

Note: This section contains information in English only.
Source: China.org.cn
China's home prices are expected to fall this year but the bubble of the sector is not expected, said Li Daokui adviser to China's central bank. In January property prices dropped in 48 out of 70 main cities, reported the NBS. However, the government continued its prudent policies aimed at stabilizing housing prices. Tightening of the housing market is a part of macro strategy of China and is likely to be persist for several years, Li added.



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