Via iFeng. A building in Tongzhou slashed prices recently. It cut office space prices by ¥6000/sqm, or 30%. Residential property was discounted as well, with a ¥4000/sqm cut. This area as seen a lot of supply hit the market of late, and the price cut phenomena is widespread.
通州一楼盘大幅降价 最大降幅6000元/平方米
Understatement of the Day: The Fed Notes “Lack of Progress” on Inflation
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In addition to the usual Fed boilerplate FOMC statement, today it added
"There has been a lack of further progress toward the Committee’s 2 percent
inflati...
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