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China's real estate industry may not....>

CHINA PRESS
CHINA PRESS: China's real estate industry may not be entering a bearish market
even as an increasing number of land auctions failed to attract buyers,
according to a commentary published Friday in Economic Daily, authored by China
Academy of Macroeconomics under the National Development and Reform Commission.
- The stringent housing regulations, increasing financing costs and the cooling
market have made developers refrain from acquiring land, the newspaper said;
- The housing market is steady judging by data including by local government
land incomes, commercial housing sales and inventory data, the daily said.
(Link to the story: https://bit.ly/2qzWnoa)

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