Realty bailout snub good for whole economy
By You Nuo | China Daily | Updated: 2009-03-02 07:44
What a disappointment.
Investors who heeded the rumor that the housing development/real estate industry would be the focus of the central government's 10th, and last, industry bailout plan, must have lost out.
Almost at the last minute, after nine "industry revitalization plans" had already been rolled out by the State Council, and despite a chorus in favor of government support to mitigate the effects of the economic crisis, the industry missed the last bus.
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