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China should address property bubble by credit and tax policy – China press

A piece in China’s Economic Information Daily says the nation should address property bubble via credit and tax policies.

Off late there have been concerns that China has the mother of all property bubbles; something which echoes subprime crisis.

AUD/JPY rallies as Aussie takes-off onto the 0.76 handle

AUD/JPY, the markets risk barometer, has spiked in Tokyo as markets follow suit of the US session, with an improved risk appetite, but also ...
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PBOC sets USD/CNY at 6.6444 vs. 6.6195

The People’s Bank of China (PBOC) fixed Yuan reference rate at 6.6444 vs. 6.6195.
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