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CHINESE CONSTRUCTION WORKER STANDS OUTSIDE A LOW-COST RESIDENTIAL BLOCK IN BEIJING, 2003-04-11 (photo)

CHINESE CONSTRUCTION WORKER STANDS OUTSIDE A LOW-COST RESIDENTIAL BLOCK IN BEIJING, 2003-04-11 (photo)
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IMAGE number
REU8217117
Image title
CHINESE CONSTRUCTION WORKER STANDS OUTSIDE A LOW-COST RESIDENTIAL BLOCK IN BEIJING, 2003-04-11 (photo)
Auto-translated text View Original Source
Photographer
Andrew Wong
Medium
photograph
Date
2003 AD (C21st AD)
Shooting Date
2003-04-11
Image description

A Chinese construction worker stands outside a low-cost residential block to be torn down shortly to make way for the construction of a luxury residential complex in Beijing April 11, 2003. The central bank said it was drafting measures to curb luxury home buying - by raising down payment requirements to 30 percent from 20 percent and raising mortgage rates as much as 10 percentage points. China is trying to deflate a fresh property bubble with crippling a sector which has been a key driver of economic growth. REUTERS/Andrew Wong ASW/CC

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REUTERS/Andrew Wong / Bridgeman Images
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