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Hi,
I saw a bit on this on the BBC this morning.
It was saying that in China it is not uncommon for people to mortgage their houses even to invest the money even though it is illegal.
They went on to say that there is a Government sponsored move to try and stop this underway now which is what caused the slide. Whether this is selling off state owned enterprises or not I don't know that was not reported in the news this morning.
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Cheers,
K1W1
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