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Property market at turning point

By Chen Tian (Global Times)    09:59, July 21, 2014
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(Graphics:GT)

Slowdown to persist, says expert

The cooling real estate sector will be the biggest "uncertain factor" in China's slowing economy this and next year, a top official at a think tank under the country's cabinet said over the weekend.

Liu Shijin, deputy director of the Development Research Center of the State Council, said on Saturday that China's property market is going through a "historical turning point," and the demand for homes has peaked.

The growth of investments in the real estate sector will most likely be under 5 percent in the next few yea