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Read More »Shanghai property market is ‘overheated,’ top city official says
BEIJING / Bloomberg Shanghai’s most-senior official said the city’s property market has “overheated†and should be more tightly controlled after a recent surge in residential housing prices. “An irrational and overheated sentiment have emerged in the Shanghai real estate market, and these sentiments have raised home prices,†Han Zheng, the city’s Communist Party chief, said at briefing during annual legislative …
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