New figures show that property sales in China jumped 75 percent last year as record levels of bank loans boosted purchases. Concern that the country is in the grip of a housing bubble is growing, and in the meantime, official figures show 85 percent of Chinese can no longer afford to buy properties.
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Full story at http://www.npr.org/templates/story/story.php?storyId=122990689&ft=1&f=1006
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