IMF’s Zhu Says China Set for Soft-Landing as Property Cools
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An International Monetary Fund official said China will avoid an economic hard-landing as government data showed property prices falling in most of the nation’s biggest cities,
“China’s heading for a soft-landing,” Zhu Min, a deputy managing director at the IMF, said at a conference in Hong Kong today, citing strength in investment. Prices of new apartments fell in 45 of 70 cities in February, the statistics bureau said in Beijing yesterday.