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Big Trouble in China Housing: Government Bans "Malicious" Price Cuts

• https://www.zerohedge.com by Investing In Chinese


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On the finite price, the price can not rise. And the property market environment is so cold, the price of the house is not good to sell. It is not easy to cut prices. After the new term "price reduction attempt" was born, a new word appeared in Zhangzhou City, Jiangsu Province, "malicious price cuts."

This is really an anecdote. Developers who have such a big hatred, do you have to carry "malicious" to cut prices? Who is going to be malicious?

A developer was warned about cutting prices to move inventory:

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