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China Researcher Sees Property Bubble in Big Cities, Daily Says

Aug. 23 (Bloomberg) -- Property bubbles exist in some of China’s large cities, the People’s Daily reported today, citing Ba Shusong, deputy head of the financial institue of the State Council’s Development Research Center.

Ba said there is no evidence of a nationwide property bubble in China, the newspaper reported. In a separate article in today’s People’s Daily, Ba was cited as saying the possibility of China’s property control measures causing a double dip in the economy are very small.

To contact the editor responsible for this story: Bloomberg News at jliu42@bloomberg.net

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