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Analysis-Words only go so far: Investors want property fixed before buying China

For all the excitement whipped up in China's markets by the Politburo last week, foreign investors say policymakers' words will have to be matched by substantive action to clean up an ailing property sector before confidence recovers. The sector accounts for a quarter of China's economy, yet developers' debts are sliding deeper into distressed territory, with repayment problems mounting while sales crumble. When the Politburo signalled that there would be changes to real es...
Hong Kong Qi Wang Bo Zhuang New York United States Tara Hariharan
Source: yahoo.com

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