http://www.bloomberg.com/news/2011-08-09/billionaire-ross-buys-assets-as-fear-not-economics-fuels-market-declines.html
China’s property market is not headed for a crash akin to the U.S. because of a shortage for housing, low loan-to-value ratio and families’ willingness to step in to help repay mortgages, he said. A bigger test for the government will be its ability to contain rising food costs, which account for a large percentage of household budgets in the low-per-capita-income economy, he added.
I CALL HIM EXCEPTIONALLY IGNORANT.
China’s property market is not headed for a crash akin to the U.S. because of a shortage for housing, low loan-to-value ratio and families’ willingness to step in to help repay mortgages, he said. A bigger test for the government will be its ability to contain rising food costs, which account for a large percentage of household budgets in the low-per-capita-income economy, he added.
I CALL HIM EXCEPTIONALLY IGNORANT.
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