Tuesday, February 20, 2018

China Real Estate Hit By New Rules

April 20, 2010 by  
Filed under Inflation Hedge Strategies, Move

Following an announcement of new rules intended to cool down what some are calling a China Real Estate Bubble, China stocks in general, and China Real Estate Stocks in particular took a big hit on Monday (April 19, 2010).

Cinda Real Estate, Shanghai New Huangpu Real Estate, and Yunnan Metropolitan Real Estate Development, all fell 10%, the daily maximum limit.

Bill Bishop’s call on April 17, 2010, was right on the money.

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