China Policy Moves Risk Property Price Bubble, PBOC Adviser SaysBloomberg News
Divergence seen between top tier and lower tier markets
Adviser sees contradictory goals in addressing the problems
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.
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