(The following statement was released by the rating agency)
Link to Fitch Ratings' Report: 2017 Outlook: China Homebuilding
https://www.fitchratings.com/site/re/891265
SHANGHAI/HONG KONG/SINGAPORE, December 01 (Fitch) Fitch Ratings
expects primary
residential contracted sales in China to drop by around 15% in
2017, following
stellar growth of more than 40% in the first 10 months of 2016.
The reversal is due mainly to dampened demand in most Tier 2
cities after a
series of tightening policies
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