Jun
07
China’s Top Property-Bubble Prophet Says Prices Set to Soar
By-
Zhu Ning says China home prices could rise another 50 percent
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Buyers see property market curbs as a bluff to be reversed
China’s home prices could rise by another 50 percent in the nation’s biggest cities, as the latest measures to rein them in are likely to be eased by policy makers seeking to support the broader economy.
So says Zhu Ning, deputy director of the National Institute of Financial Research at Tsinghua University in Beijing and author of “China’s Guaranteed Bubble: How Implicit Government Support Has Propelled China’s Economy While Creating Systemic Risk.” As measures to curb housing prices drag on growth in the second half and early next year, he says, the government will resort to its old playbook of dialing them back again to shore up expansion…
China’s Top Property-Bubble Prophet Says Prices Set to Soar
