Morgan Stanley now has new critic: the Chinese government.
MarketWatch reports that the People’s Daily, the official newspaper of China’s Communist Party, carried a commentary Monday criticizing those who have “talked down” the outlook for China’s real-estate market as having 'ulterior motives'.
'The real-estate market has simply entered a normal correction phase', the state-run newspaper said. 'We should watch out for real motives of those who have voiced their bearish views loudly — disrupting the market, misleading the policy makers, and fulfilling their own selfish desires'.
To access the complete MarketWatch article hit the link below: