News Analysis Following a recent warning from China’s top banking regulator about a possible bubble in the Chinese housing market, mainland Chinese media company ARCHINA published an editorial emphasizing the communist regime’s concerns and the need to enforce tighter regulations. The move comes after U.S. policymakers announced raising interest rates by the end of 2023. According to official data, the relative property prices in Shenzhen, Beijing, Shanghai, and Hong Kong rank among some of the highest in the world, suggesting the boom could transform into a bubble. Mike Sun, a senior investment consultant in North America, told The Epoch Times in an interview last month that the appreciating exchange rate of the yuan and China’s housing bubble indicate that China’s economy is in a financial crisis. He believes that Chinese authorities are rolling out measures to prevent the real estate bubble from bursting before the U.S. Fed policymakers raise interest …
Chinese Regulator Attempts to Calm Housing Bubble Before US Raises Interest Rates
July 5, 2021
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Business & EconomyChinaChinese marketFinance & Business Tieshousing bubblereal estateSpecial TopicsUS interest rates
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