Tuesday, September 7, 2010

Chinese try to tame real estate boom

From the Los Angeles Times:
http://articles.latimes.com/2010/sep/06/business/la-fi-0907-china-hangzhou-20100907
Home prices soared in recent years in the picturesque city of Hangzhou, but government fears of a U.S.-style meltdown have led to new restrictions on sales and a severe slowdown in the market.

September 06, 2010

By David Pierson, Los Angeles Times
Reporting from Hangzhou, China — For generations, Chinese have flocked to this historic city to enjoy its centuries-old pagodas, Buddhist temples and scenic lakes surrounded by drooping willow trees.

In recent times, Hangzhou has attracted scores of visitors for a different reason: real estate.

Read the rest of the article by clicking the link above.

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