Despite draconian curbs on the demand side, property prices in China’s main cities have surged over the past decade. Photo: AFP Despite draconian curbs on the demand side, property prices in China’s main cities have surged over the past decade. Photo: AFP
Despite draconian curbs on the demand side, property prices in China’s main cities have surged over the past decade. Photo: AFP
Zhou Xin
Opinion

Opinion

Zhou Xin

Why the Chinese government’s warning on property speculation has so few listeners

  • Despite years of government restrictions, China’s property prices have surged in value over the past decade and continue to rise in 2021
  • President Xi Jinping says ‘homes are for people to live in, not for speculation’, but authorities must address institutional structures creating distortions

Zhou Xin
Zhou Xin

Updated: 6:16pm, 22 Mar, 2021

Why you can trust SCMP
Despite draconian curbs on the demand side, property prices in China’s main cities have surged over the past decade. Photo: AFP Despite draconian curbs on the demand side, property prices in China’s main cities have surged over the past decade. Photo: AFP
Despite draconian curbs on the demand side, property prices in China’s main cities have surged over the past decade. Photo: AFP
READ FULL ARTICLE
Zhou Xin

Zhou Xin

Zhou Xin co-leads the political economy team at the Post. He mainly covers economic stories but also writes about Chinese politics and diplomacy. He has previously worked for Reuters and Bloomberg in Beijing.