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Chinese Property a Bit Overvalued, Collapse Unlikely, Fang Says

July 8 (Bloomberg) -- China’s property market may be a “little bit” overvalued, Fang Xinghai, director general of Shanghai’s financial services offices, said.

Prices of real estate in China don’t face a collapse, Fang said in an interview on Bloomberg television. He called real estate China’s “best performing asset class.”

Link to Company News:{PRCH CH <Equity> CN <GO>}

To contact the reporter on this story: Susan Li in Hong Kong at sli31@bloomberg.net

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net

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