Who should be woken up by 'Wo Ju'?
A new TV series "Wo Ju" has hit the screen in China."It's pathetic for one to be a home mortgage slave, but it's even more pathetic when one is not qualified to be a mortgage slave." Who should be woken up by the thorn of "Wo Ju"? more<<<
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Young Chinese watch home-owning dream soar out of reachSince the reform, property development has boomed. Strong demand and scarce land resources have driven up prices, as more people move to big cities like Beijing and Shanghai.The stress of home-buying has twisted the values of some people, especially the young.
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House prices rise at fastest rate for 14 monthsThe cost of a home in China rose sharply in October, with the price surging up at its fastest rate for 14 months. Prices of homes in new residential buildings went up 4 percent on average in October year-on-year, while the cost of State-subsidized housing edged up by 0.6 percent.
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Chinese economist issues stern warning on asset bubblesHome prices in 70 medium and large cities rise 3.9 percent from a year earlier and 0.7 percent from September, according to data from the National Bureau of Statistics last week. Government data showed the real estate sector accounted for more than 20 percent of urban fixed-asset investment.
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