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China's Sept property sales drop for first time in over 21/2 years

While home prices have softened in the biggest cities, property bubbles are still a threat in other parts of the country

Real estate is a crucial driver for the economy but also poses a major risk as Beijing looks to tame soaring home prices.


PROPERTY sales in China dropped for the first time in more than 2½ years in September and housing starts slowed sharply, reinforcing expectations that robust growth in the world's second-largest economy is starting to cool.

Real estate, which directly affects 40 other...

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