Lagging behind: Children play basketball in front of a housing complex in Beijing. Home prices slid the most in seven years in October, according to government data. — AFP
BEIJING: Chinese developers’ shares and their dollar bonds are heading for a second weekly gain following this month’s property support measures, but sliding sales are still leaving investors wondering how long the rally will last.
A Bloomberg index of Chinese builders has risen 10% this week, after jumping a record 27% last week, even as gains were pared yesterday.
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