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CHINA: China's housing sales volume this year may drop as much as 5% on tight
control policies while prices may stay flat, S&P Global Ratings said Wednesday
in a webcast. 
- Momentum in markets of lower-tiered cities, which drove the growth of the
sector last year, is unlikely to be sustained, said Cindy Huang, director of the
corporate ratings. 
- Government will maintain tight controls with campaign against shadow banking
restricting developers' financing and thus growth of the sector: S&P.

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