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Thread: What do you think of the Sub-prime Loan Crisis?
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[quote=ZOEY,243721]The sub-prime loan crisis is a warning bell for China, especially for its mortgage market. In order to prevent such crisis, the banks should be more cautious when lending money to the applicants. Individual credit should be examined more carefully. Meanwhile, the down payment also should be increased. To deal with the real estate, the government has raised the interest rate of personal accumulation fund loan to cool down the market. Hope the sub-prime crisis could be over very soon.[/quote]
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