Wednesday, October 22, 2008

China stimulates property market

China has announced that from November 1st it will cut taxes and duties from land transfers as it continues its drive to keep the economy going forward and to steal a march on the West as economies stumble. China is determined to develop its domestic markets as a buffer from falling demand from its major trading parties. They are not immune from the global woes but they sure have a stronger immune system than most.

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