Market Currents
The PBOC rate cut last week as well as local governments successfully pushing back against...
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Monday, June 11, 2012, 10:44 AM ETThe PBOC rate cut last week as well as local governments successfully pushing back against national controls suggest China is waving the white flag in its war against property developers, writes Tom Orlik. Sales in May have already started to rise, as have prices, which never fell that far to begin with. TAO +17.8% YTD.
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