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Andy Xie Says Property Crash Needed for China Stock Bull Market

May 27 (Bloomberg) -- Economist Andy Xie said a property crash is needed for China to have a bull market in stocks.

“The stock market is still in bear territory,” Xie said at a forum in Beijing today. “The reason is because the property market is sucking in all the money.”

To contact the reporter on this story: Dingmin Zhang in Beijing at dzhang14@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net

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