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News Out On China’s Imminent Collapse: Real Estate In Beijing Slumped 73% In August!

“We’re reaching a tipping point where land sales are dropping much faster than before, developers are losing more access to bank financing, and housing prices are showing weakness,” Nomura’s Zhang said in an interview in Beijing yesterday. ...The price of land in Beijing slumped 76 percent in August from a month earlier, while in Guangzhou… Continue reading News Out On China’s Imminent Collapse: Real Estate In Beijing Slumped 73% In August!