China Property Market Shows Signs of Slowdown

China's vast property sector is facing the prospect of a bust after years of boom. However, authorities are hoping to avoid a meltdown that could send shock waves through the world's second-biggest economy. Housing was doled out by the state when Communist-style collectivism dominated economic management. But in the past two decades that has given way to market-oriented principles as China's economy has opened. New home prices have soared, more than ...