2011-11-27

Look out for the rise of zombie buildings

陈真诚:当心楼市出现僵尸楼盘 This is an opinion article by Chen Zhencheng. Highlights: local governments cannot bear a 20% drop in home prices, the macro economy cannot withstand a 30% drop in prices. A 30% drop is just a normal correction, but even after a drop of 30% homes will still be expensive.

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