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A general view shows buildings at the French Concession area at the centre of Shanghai January 12, 2010. China vowed on Sunday not to let foreign speculative investment affect the property market, the latest expression of official concern that real-estate prices are racing ahead too fast. REUTERS/Nir Elias (CHINA - Tags: CITYSCAPE BUSINESS)
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Media ID 5789874
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EDITORS COMMENTS
This print captures the essence of Shanghai's French Concession area, showcasing its stunning architectural landscape. The image, taken on January 12,2010, provides a general view of the buildings that dominate this central district. The French Concession is renowned for its unique blend of Western and Chinese influences, creating an enchanting atmosphere that attracts locals and tourists alike. The photograph gains significance due to China's commitment to safeguarding its property market from foreign speculative investment. Against the backdrop of soaring real-estate prices in the country, officials express concerns about maintaining stability and preventing excessive growth fueled by external factors. This pledge serves as a testament to China's determination to maintain control over its economic development. Photographed by Nir Elias for Reuters Images, this picture encapsulates both the beauty of Shanghai's urban landscape and the underlying economic challenges faced by China at that time. It offers viewers a glimpse into one aspect of China's dynamic cityscape while also shedding light on larger issues impacting its economy
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