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    China bargain-hunters cash in on cheap property 28 Oct 2008

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    Al Jazeera English

    by Al Jazeera English

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    Chinese officials worried over the effects of the global financial meltdown have cut interest rates, taxes and down payments on homes in an effort to prevent the real estate bubble from bursting.

    Al Jazeera's Melissa Chan reports how some buyers have now come up with a new tactic to snap up property at bargain price.