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Follow on Google News | Franklin Bain Advisors report that adrenaline shot from China housing boom may spur 2017 hangoverFranklin Bain Advisors report that China's moves to cool rampant property prices may have had an unintended consequence -- unleashing a stampede of buyers seeking to get in ahead of further restrictions.
By: China "This poses a dilemma (http://www.bloomberg.com/ "The central government is cautious about the idea of property-led growth," said Doug Whitman. "While it helps stabilize economic momentum, it doesn't facilitate supply-side structural reforms." The value of new home sales (http://www.bloomberg.com/ Developers -- who had been exhibiting relative caution given their stockpiles of unsold homes in smaller cities -- showed signs of buying into the boom. "The readings show the economy is quite stable for now, with support mainly from property and infrastructure," With exports weighed by tepid global growth, a reversal in property would raise question marks over whether the economy's current stabilization will hold in 2017. "Growth in property investment won't soon see a quick plunge," said Chen Shen, a Shanghai-based analyst at China Securities Co. "But given signs the government will post tighter controls over developer financing and the land market, pressure is looming. End
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