China's Divergent Housing Markets Pose Challenges, Minister Says

  • Housing minister says unsold stock mainly in smaller cities
  • Migrants have ‘huge potential’ to buy homes, minister says

Housing and Urban-rural Development Minister Chen Zhenggao.

Photographer: Wang Zhao/AFP via Getty Images

China’s top housing official has warned that the nation’s severely divergent housing markets are posing challenges to government regulations, after stimulus intended to boost sluggish real estate investment led to a home-buying frenzy in first-tier cities.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.