CSPAN2 Today In Washington December 23, 2011
>> 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 bank...