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