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Keynes and Hayek in China’s Property Markets

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Real-estate prices in China’s top cities have been spiking recently, generating contradictory predictions of either bursting bubbles or a coming economic turn-around. What's really going on in China’s hot property markets?

HONG KONG – Real-estate prices in China’s top cities are spiking, generating contradictory predictions of either bursting bubbles or a coming economic turn-around. What’s really going on in China’s hot property markets?

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