A worker stands near a crane at a construction site for a residential development on the outskirts of Shanghai, China, on March 14. China’s home prices grew at the fastest pace in six months in February. Photo: Bloomberg
A worker stands near a crane at a construction site for a residential development on the outskirts of Shanghai, China, on March 14. China’s home prices grew at the fastest pace in six months in February. Photo: Bloomberg
Andy Xie
Opinion

Opinion

The View by Andy Xie

Why China is cooling, not deflating, the property market bubble

  • Beijing depends on China’s property bubble for revenue and has been managing it by keeping a lid on inflation
  • But the yuan’s soft peg to the dollar means Washington’s decisions – and addiction to stimulus – have an impact on China’s asset prices

A worker stands near a crane at a construction site for a residential development on the outskirts of Shanghai, China, on March 14. China’s home prices grew at the fastest pace in six months in February. Photo: Bloomberg
A worker stands near a crane at a construction site for a residential development on the outskirts of Shanghai, China, on March 14. China’s home prices grew at the fastest pace in six months in February. Photo: Bloomberg
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