China’s developers on firmer footing for 2014
China’s real estate industry is on firmer footing compared with a year ago, said Standard & Poor’s Ratings Services in a report on Monday.
Developers registered record sales growth and enjoyed financing windows that led bond issuance to double in 2013. In the past two weeks, more than a dozen municipalities across China have taken steps to cool their markets, as housing prices continued to rise.
S&P stands by its stable outlook for the sector and expects sales growth to moderate in 2014, the rating agency said.
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