News Analysis Real estate is one market that has proven resilient during 2020 as the CCP virus pandemic ravaged the world. And the Chinese real estate market has been especially buoyed by high prices and booming sales. The official National Bureau of Statistics data showed that property sales exceeded $2.6 trillion last year after a brief pause in early 2020 due to the CCP virus. This trend has been encouraged by years of loose monetary policy out of Chinese Communist Party (CCP) headquarters pre-pandemic. While Beijing has been more conservative than the United States in its stimulus programs during the pandemic, the Chinese economy has nominally been healthier rebounding from the crisis. The resulting price surges have increasingly raised the specter of a massive housing bubble, especially among Tier 1 cities such as Shanghai, Beijing, and Guangzhou. To be clear, the overheating market has mostly been an issue among Tier …