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China Home Sales Set to Drop in 2018 Amid War on Bubbles

Property market may see the first decline in four years

China’s efforts to control a bubbly property market may see home sales fall next year for the first time since 2014. JPMorgan Chase & Co. is forecasting a 6 percent decline as officials tackle excessive leverage and financial risks in the world’s second-biggest economy, choking off some sources of buyer funding, such as consumer loans. Local authorities may persist with an array of city-by-city curbs, rolled out since March last year.

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