China Property Market

Housing downtorn and the covet, they interapt with each other and reinforce each other. Historically, we are used to chinese policy makers stepping in when they see ows threatened to this extent. What's different now? I think a few things. The development stage is different. And because of a present she is aiming for a third term. So you can imagine he might be having a longer term vew than previous his predecessors that if you were in the office for just another five years, you might want to stimulate economy. Whereas if youwere going to be in ten years, then what is your focus? You worry about the economy, get good gross number this year,.