Market Bets China Won't Crash the Property Party

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China's frothy property sector has produced a steady stream of alarming headlines. "China restates plan to extend property tax plan to new cities" "China January property jump raises threat of government response" and "Isn't the Chinese property bubble obvious?" Real estate shares are looking pricey too - The Hang Seng's property and construction sub index of 65 stocks outperforming the benchmark index over the past year.