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GM1E67511E801. The sun sets behind buildings under construction in Guangzhou


GM1E67511E801. The sun sets behind buildings under construction in Guangzhou


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GM1E67511E801. The sun sets behind buildings under construction in Guangzhou

The sun sets behind buildings under construction in Guangzhou, Guangdong province July 4, 2010. Chinas property prices will fall within a few months as government steps to cool the real estate market bite, Xu Shaoshi, minister of land and resources, said on July 5, 2010. Picture taken July 4, 2010. REUTERS/Joe Tan (CHINA - Tags: CITYSCAPE BUSINESS)

Reuters photo archive features some of the most dramatic and iconic moments ever captured

Media ID 5793210


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EDITORS COMMENTS
In this print captured by REUTERS photographer Joe Tan, the sun gracefully sets behind a cluster of towering buildings under construction in Guangzhou, Guangdong province. The image, taken on July 4, 2010, showcases the cityscape bathed in warm hues as day transitions into night. The photograph serves as a poignant reminder of China's booming real estate market at that time. Just one day after this picture was taken, Xu Shaoshi, the minister of land and resources, made an announcement that sent shockwaves through the industry. He predicted that China's property prices would experience a significant decline within a few months due to government measures aimed at cooling down the overheated market. This visual representation captures both the beauty of urban development and hints at an impending shift in China's economic landscape. As cranes dotting the skyline symbolize progress and growth, it is evident that change is on the horizon for Guangzhou's real estate sector. Through his lens, Joe Tan skillfully encapsulates not only architectural marvels but also moments frozen in time – moments when economic policies have tangible effects on people's lives. This photograph stands as a testament to Reuters' commitment to capturing impactful images that tell stories beyond words alone.

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