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Beijing housing market shrinks 70 per cent in January
On Wednesday the Beijing News reported that the volume of sales for all homes transacted in Beijing fell by a dramatic 70% in the first three weeks of January as compared with month earlier.
China To Let Some Of The Steam Out Of Its Runaway Housing Market
The Chinese are rapidly catching up with consumer trends long associated with the West. They are buying bigger flat screen TVs than their Western counterparts, and as a nation for the first time bought more cars than were sold in the US in 2009.
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