Housing Starts in China Plunge 25%; Did China's Property Bubble Finally Burst?
MishTalk
MAY 14, 2014
Retail sales also grew more slowly than expected in April, and the furniture market stalled as fewer families moved into new homes. The unregulated shadow banking sector has played a strong role in the recent credit boom, with the share of credit growth financed by the sector rising from 11 percent in 2006 to 32 percent in 2013.
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