Here is a list of the day’s latest China real estate news collected from around the web:
- JPMorgan: Chinese Economy in ‘Hard Landing’
China’s economy is already in a so- called “hard landing,” according to Adrian Mowat, JPMorgan Chase & Co.’s chief Asian and emerging-market strategist.
- China Hub Booms as District Rises
Guangzhou, a trading hub for China since the Ming Dynasty in the 16th century, is in the midst of the biggest commercial real estate boom in its history.
- China property market risks chaos if controls eased: Wen
China’s home prices are still far from falling to a reasonable level, and efforts to curb real estate speculation must be maintained or risk chaos and a property bubble which would harm the economy if it burst, Premier Wen Jiabao said on Wednesday.
- Politics push China’s property tax toward Beijing
China’s capital could be the next major testing ground for a national property tax, putting the central government at risk of vocal criticism close to home that underscores its determination to roll out an unpopular fiscal plan that has been a decade in the making.
- Hong Kong, China shares slump after Wen douses property hopes
Shanghai shares posted their biggest daily loss this year on Wednesday, dragging Hong Kong markets into the red, after Premier Wen Jiabao doused hopes of easing in the property sector at the close of China’s annual parliamentary meeting.
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