Conversely, such concerns have pressured shares of Chinese property developers traded in Shanghai, Shenzhen and Hong Kong over the past few days and were continuing to weigh on them Tuesday.
Wednesday, November 4, 2009
China property sales may get boost before year end
A year after China unveiled a powerful stimulus to encourage home buyers to take out mortgages in a troubled property market, real-estate sales may be getting a boost from concerns that the government will withdraw some of those measures by the end of the year.
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