China Securities Journal front page editorial (via MNI):
- China’s property boom has probably reached its peak
- Turning points seen in second- and third-tier cities
- Says good days in core cities may continue for a while
- Said housing investment as a percentage of China’s GDP is already at 9% in 2013, the same level as when property markets in Japan and South Korea hit their peaks
- Said demand for new houses in urban areas had also reached a turning point as the number of migrants from rural areas to the cities has already started falling
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