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Chinese Home Prices "Unexpectedly" Rebound; Government Loses Interest In "Curbs"

On Friday, we summarized research reports from Deutsche Bank and Bank of America, which came to the same conclusion: the fate of the global economic rebound may be in the hands of the Chinese housing bubble, which through price appreciation has unleashed wealth effect equivalent to twice the annual disposable income of China.   We concluded by saying that those who are looking for key inflection points to determine the future trajectory of the global economy, in addition to the global

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