A bird’s-eye view of Xiancun, or Xian village, an urban village in downtown Guangzhou city, southern China’s Guangdong province, where prices have risen 10 times over the past 10 years. Photo: Imaginechina A bird’s-eye view of Xiancun, or Xian village, an urban village in downtown Guangzhou city, southern China’s Guangdong province, where prices have risen 10 times over the past 10 years. Photo: Imaginechina
A bird’s-eye view of Xiancun, or Xian village, an urban village in downtown Guangzhou city, southern China’s Guangdong province, where prices have risen 10 times over the past 10 years. Photo: Imaginechina

China housing boom may have hit ‘potentially precarious peak,’ a Harvard-Tsinghua working paper says

  • A 20 per cent fall in real-estate activity could lead to a 5-10 per cent fall in GDP, even without amplification from a banking crisis, paper shows
  • Housing is still unlikely to be the trigger for an imminent financial crisis due to regulatory protections

Topic |   China economy
A bird’s-eye view of Xiancun, or Xian village, an urban village in downtown Guangzhou city, southern China’s Guangdong province, where prices have risen 10 times over the past 10 years. Photo: Imaginechina A bird’s-eye view of Xiancun, or Xian village, an urban village in downtown Guangzhou city, southern China’s Guangdong province, where prices have risen 10 times over the past 10 years. Photo: Imaginechina
A bird’s-eye view of Xiancun, or Xian village, an urban village in downtown Guangzhou city, southern China’s Guangdong province, where prices have risen 10 times over the past 10 years. Photo: Imaginechina
READ FULL ARTICLE