In the News

China's spiralling property prices

Graham Watson

15th December 2016

A lengthy piece looking at the state of the housing market in China and using the 'b' word: bubble. Prices in Hefei, the capital of Anhui province in eastern China, have risen by 47%; in Beijing, they rose by 28%, making housing in many urban centres unaffordable for migrant workers.

More worryingly, debt levels are such - at around 250% of GDP that many observers are worried about the capacity of the economy to sustain growth in future. Could 2017 see the Chinese bubble burst?

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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