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Country's housing is a story of mismatch, not bubbles: Macquarie

Big cities like Shanghai are experiencing net immigration with only limited blocks of land coming on the market.


CHINA'S housing market is starting to resemble a Bermuda triangle for economists: time and again the smartest forecasters wade in only to get it wrong.

That's the view of Larry Hu, head of China economics at Macquarie Securities Ltd in Hong Kong, who describes the latest...