Voice of America: Property Sales in Small Cities Pivotal to China's Growth

Voice of America Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries

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Property Sales in Small Cities Pivotal to China's Growth Aug 23rd 2013, 22:22, by webdesk@voanews.com (Reuters) A property glut in some smaller cities raises questions over how far China's decade-long housing boom can last at a time when the fragile economy is more vulnerable than ever to a possible retreat in the red-hot property market.   A flurry of housing investment over the past several years, fueled in part by herd-like speculative buying, resulted in some developers building more housing than could be sold once the market began to slow.   Now, the concern is that the market could ... Media files: B878569A-9F5A-4F82-B0F2-CF22D73B40EA_cx0_cy9_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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