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Realistbear

China Stocks Tumble On Property

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http://uk.finance.yahoo.com/news/china-stocks-tumble-on-property-drag-down-asia-reuters_molt-32de7c124dd7.html?x=0

Kevin Plumberg, 4:50, Tuesday 13 July 2010
HONG KONG (
Reuters
) - Chinese stocks fell 2 percent on Tuesday on reports that Beijing will not relax tougher property measures any time soon, weighing on the Australian dollar and curbing early gains in Asian shares.
China's banking regulator left few doubts that efforts to rein in real estate speculation will remain in place despite media reports of easing restrictions in some cities. That touched a nerve among investors, who are already sensitive to how much China's economy is slowing.

The Chinese have seen the devastating effects HPI has had on the West and are determined to kill the disease before it takes root and becomes a substitute for real production. It is probably not too late for China but it is clearly too late for us and the years ahead will be an opportunity for the government to eradicate the disease and its sources to rebuild our economy for the next generation.

Edited by Realistbear

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  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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