Property News · May 28, 2018

Why China’s property market won’t crash for now


When President Xi Jinping declared last year that houses are “for living in, not for speculation”, it was the clearest indication yet that keeping the country’s housing market bubble under control remains firmly at the top of the government’s agenda. And it’s clear to see why.
According to a latest survey from analysts at global bank BBVA, a 10 per cent drop in Chinese property prices could cause a 1 per cent decline in gross domestic product growth in the short…

Source : South China Morning Post
Read more…Why China’s property market won’t crash for now

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