Property News · June 25, 2018

China’s latest policy for deflating the property bubble merely buys time, instead of offering relief


Real estate is the driver of the Chinese economy. By some estimates, it accounts (directly and indirectly) for as much as 30 per cent of gross domestic product.
Keeping housing prices buoyant and development robust is thus an overriding imperative for China – one that is distorting policymaking and worsening its other economic imbalances.
Despite reforms in recent years, there’s little question that Chinese real estate is in bubble territory. From June 2015 through the end of last year,…

Source : South China Morning Post
Read more…China’s latest policy for deflating the property bubble merely buys time, instead of offering relief

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