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
Fri, Oct 20, 2017 - 5:50 AM
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.