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China housing heats cooling economy

China’s housing market is showing signs of recovery after a two-year downturn, helping to counter a slowdown in the broader economy. But the government is weighing between this momentum and the risk of a build-up in debt. However, the upside is that the property increase is spreading beyond the top-tier cities of Beijing, Shanghai, Shenzhen and Guangzhou. Analysts say the phenomenon reflects confidence that the government will continue to reduce the inventory of unsold properties by lowering down-payment requirements and cutting interest rates.

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