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Property developers tumble 7.6% in early trade in China after Beijing continues with pledges to...
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Sunday, March 3, 9:30 PM ETProperty developers tumble 7.6% in early trade in China after Beijing continues with pledges to clamp down on what appears to be a reawakening of the country's real estate froth. The Shanghai Composite -1.8%. TAO +22.9% Y/Y.
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In China, some officials just need to pad their heads and force people to pay taxes years in advance.
It's the ultimate taxation without representation country.
Made their Obama worship appear tame in comparison.
ps I didn't see it as "admiration" in anyway.
Both of these long-term industry business people repeated that the cn economy is dictated (fully controlled) by the CCP.
I don't think it is the Party's will to evoke inflation on the 90% of the population that can't afford it.