Economics
China Policy Moves Risk Property Price Bubble, PBOC Adviser Says
- Divergence seen between top tier and lower tier markets
- Adviser sees contradictory goals in addressing the problems
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China’s monetary policies have encouraged investors to pour money into real estate, inflating prices in cities such as Beijing, Shanghai and Shenzhen and increasing the risk that bubbles could form, central bank policy adviser Bai Chongen said in an interview.