China Central Bank Says Property Prices at ‘Turning Point’
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China’s property prices are about to reach a “turning point”, with developers facing tighter liquidity, the central bank said, citing a research report by its statistics department.
Officials from the People’s Bank of China discussed property-market trends and financial-risk management at a meeting on Nov. 24 with the country’s banking regulator, representatives from 10 commercial lenders and university academics, according to a statement posted to the central bank’s website today.