According to an article form the Wall Street Journal, China's property bubble has started to deflate. Residential prices are heading down in major cities which has stared to dampen real estate speculation and raises the prospect that the Chinese economy may slow more rapidly than predicted. Real estate has been the foundation of China's growth over the past two decades and its health is crucial to the construction, steel, and cement sectors. It it also a favored investment for people looking to get a better return than a bank deposit.
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