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tahoma

Loved This On Itulip

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"...According to Wu, Chinese banks' lending to the real estate sector stood at 3.07 trillion yuan (US$380 billion) by the end of 2005, accounting for 14.84 percent of all Renminbi lending by China's financial institutions. This is equivalent to 16.75 percent of the country's gross domestic product (GDP) in 2005."

The deputy governor noted that the bursting of the housing bubbles in Hong Kong and Japan produced a disastrous effect on their economies, and central banks in the region have been closely watching the sector since then.

AntiSpin: You know you're in trouble when the central bank of a single party state is more open and public about its housing bubble than its counterparts in supposedly pluralistic, multi-party democratic nations.

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  • 301 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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