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Business News/ Politics / News/  Falling housing prices threaten China growth
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Falling housing prices threaten China growth

Falling housing prices threaten China growth

A construction worker stands on a scaffold in an area where old residential buildings are being demolished to make room for new skyscrapers in Shanghai (Reuters)Premium

A construction worker stands on a scaffold in an area where old residential buildings are being demolished to make room for new skyscrapers in Shanghai (Reuters)

Adecline in China’s property prices is picking up steam, suggesting Beijing has had some success in taming housing costs, while also raising concerns that prices could drop too far and fast when the rest of the world is relying on the country as an engine of growth.

A construction worker stands on a scaffold in an area where old residential buildings are being demolished to make room for new skyscrapers in Shanghai (Reuters)

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The Wall Street Journal

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Published: 08 Nov 2011, 10:41 PM IST
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