China’s Property Market Is in ‘Last Madness,’ PBOC Adviser Says
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China’s surging property market is having its “last madness” and speculators can’t fight a government resolute about curbing asset-price inflation, central bank adviser Li Daokui said.
Investors “don’t realize how strong and resolute the political will is among top leaders to curb price gains,” Li said in an interview broadcast by the state-run Central Television yesterday.