"Dizzying" home prices in ChinaBy
You may have heard that a housing bubble is popping in China. Not so, says China Daily. The newspaper says that prices are still rising briskly—and that’s not a good thing. The higher prices get, the farther they’ll have to fall. To quote:
“The November figure indicates that the momentum of property price hikes in major cities remains strong.
“Only when the government substantially increases the supply of affordable homes for low-income groups and provides more land lots for development can the imbalance of demand and supply in the property market be addressed.”
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