29.12.2009 - China: Economist: House prices may raise 20-30pct next year
From People.com.cn: On December 26 at a Financial Summit Forum in Nanjing, economist and professor with the Chinese Academy of Governance Wang Xiaoguang said that the current property market is not very healthy, but as China will continue to implement an appropriate loose monetary policy next year, house prices are very likely to rise by 20 percent -30 percent. Wang Xiaoguang said over the past five years, 10 percent of the richest in the population bought 50 percent of the houses, 40 percent of the wealthy bought 85 percent of the houses, the remaining 60 percent ordinary people bought only 15 percent of the houses, thus the house price rise is clearly unhealthy..........................................Full Article: Source
Print