Simplified, 中国房地产中國 (China) 房地產 (real estate)
中 (central) 國 (nation) 房 (house) 地 (land) 產 (estate)
Chinese shares posted their biggest single-day rise in more than seven months Monday on hopes Beijing will implement milder tightening measures than had been expected in the near term because of concerns that Europe's debt problems will hurt Chinese exports.
"The authorities could be taking a breather on tightening and perhaps delay the implementation of a real-estate tax as people need time to process the slew of tightening measures announced recently," said Simon Wang, an analyst from Guoyuan Securities.
China Vanke, the nation's largest property developer by market share, rose 4.2% in Shenzhen, and Poly Real Estate Group rose 8.9% in Shanghai.
- China Shares Rise 3.5%, by Myra P. Saefong in Tokyo and Colin Ng and Wei-Zhe Tan in Singapore, The Wall Street Journal
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