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0.00% 6.0¢ living cities development group limited

Why? One possible reason...

  1. micky78
    2,892 Posts.
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    07/05/14
    11:59
    Post #: 13334543
    Why? One possible reason is....

    http://www.bloomberg.com/news/2014-05-06/china-property-slump-adds-danger-to-local-finances.html

    "The value of land sales in third-tier cities declined 27 percent last month, according to SouFun Holdings Ltd., the nation’s biggest real-estate website owner."

    27% decline in a month.

    "Failure to find other revenue sources increases the risk of defaults and financial turmoil that curb economic expansion already projected this year at the slowest pace since 1990".
    LCG Price at posting: 1.8¢ Sentiment: ST Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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