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China real-estate: A bubble bursting
For 31-year old Beijing resident Wang Yuanzhi, talk about a bubble in Chinese property is not something to be too concerned about. "If you look at the real estate market in China, it has already seen a golden decade of extreme fast growth. There will still be room for growth in this market, even in the next ten to twenty years," said Wang, who bought a home under construction last December. "The whole housing bubble is a fear; it is a concentration on the risks that the real estate market faces." Underlying confidence expressed by residents such as Wang may be what China's authorities hope will aid a recovery in a ... (full story)