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?
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