A couple in Beijing. CASS is warning that in China’s larger cities, some are now borrowing as much as nine times their own money to buy a property. Photo: Wang Zhao, AFP

Top think tank CASS warns Chinese property sector heading for correction

One official at the Chinese Academy of Social Sciences says, ‘those who are using high leverage should watch out’

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A couple in Beijing. CASS is warning that in China’s larger cities, some are now borrowing as much as nine times their own money to buy a property. Photo: Wang Zhao, AFP
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