Moody's: Chinese property market to show slower sales growth in 2017
Hong Kong, January 26, 2017-- Moody's Investors Service says that China's property market-- after posting a record high in 2016-- will show nationally a slower pace of sales growth in 2017 on the back of the government's tightened controls to curb property price growth. "We expect nationwide contracted sales in 2017 will be largely flat or will see a slight decline from 2016, after buoyant growth that year," says Chris Wong, a Moody's Analyst. Overall, national contracted sales grew by...
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