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Thread: Can property tax ease the high housing prices?
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[quote=BOBERT,419293]CARLOS, for "not a fluent english speaker" you are amazingly articulate. Your account of the state of the economy in China and the likely outcomes coincide with most world economists. If China devalues then the value of debt owed by other countries will rise. However without the undervalued yuan, China would lose it's competitive advantage. The result is a short term gain but a long term loss. Highly unlikely China will take that path unless pressured by the U.S. Nobody can predict what will happen in China over the next few years. However it's a safe bet that sometime in the future China will be much richer than now. Good luck with your decision.[/quote]
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