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Thread: Will Bubbles Burst in 2008?
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[quote=LEOPOLD219,242439]The one Year countdown to Olympic was celebrated last night at Tian'anmen Square. What are the most significant impact that Olypic Games has brought on Beijing's economy. One of the most obvious is the skyrocketing housing price. In some locations near the Olympic venues, the housing price increased to 5000 Yuan--18,000 Yuan per sq meter. Beijng's real estate market is overheated. It abounds with bubbles. Will bubbles burst in 2008? Will 2008 become an inflection for Beijing's real east market?[/quote]
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