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Is China Teaching a Leap Forward?
This week we also saw china cut interest rates. It seems to be embarking on some sort of easing cycle, which presumably would help the property sector. Does it seem like the authorities are be trying to calubrate their crack down and their efforts to reduce leverage in the opposite direction? So maybe they think they've gone too far and they need to start to roll back some of these measures,. That's a good question. I think that we'll continue to see statements from all these bodies saying that china will not return to aggressive growth of real estate to bale out the economy. They've said that constantly. i think it's going to be the mantra for a long while