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DBpedia 2015-10

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Matches in DBpedia 2015-10 for { ?s ?p "The 2005–2013 Chinese property bubble was a real estate bubble in residential and/or commercial real estate in China. The bubble started to deflate in late 2013 when housing prices began to fall, following policies responding to complaints that members of the middle-class were unable to afford homes in large cities. The deflation of the property bubble is seen as one of the primary causes for China's declining economic growth in 2013.The phenomenon had seen average housing prices in the country booming from 2010 to 2013, possibly driven by both government policies and Chinese cultural attitudes. High price-to-income and price-to-rent ratios for property and the high number of unoccupied residential and commercial units have been cited as evidence of a bubble. Critics of the bubble theory point to China's relatively conservative mortgage lending standards and trends of increasing urbanization and rising incomes as proof that property prices are justified."@en }

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