China property boom falters, but crash unlikely

High prices, rising interest rates and a government drive to cool speculation are dampening the market. Many Chinese bought property several years ago partly because of talk that preparations for the 2008 Beijing Olympics would boost prices in the capital and other cities — so now that the Olympics are near, some fear a crash may be looming

The Economic Times
http://economictimes.indiatimes.com/International_Business/
China_property_boom_falters/articleshow/2638934.cms