Property News · September 29, 2016

Growing calls for Beijing to step in, as mainland house prices continue skyrocketing


Beijing is coming under increased pressure to step in and cool down the Chinese housing market, as a growing number of smaller Chinese cities across the country struggle to contain skyrocketing prices.
Industry analysts are now starting to doubt whether local moves are having any significant effect, on what has now been described by China’s richest man, as already the “biggest ever” property bubble.
The Bank of China has also weighed into the debate, with one of its senior…

Source : South China Morning Post
Read more…Growing calls for Beijing to step in, as mainland house prices continue skyrocketing

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