31.05.2010 - China housing market a bubble; gov't policies able to reduce potential damage: economist

From Xinhua: China's booming housing market is a bubble, evidenced by a series of statistics and the actions the central government is taking, an economist said here Saturday. "A series of indicators - including ratios of housing prices to people's income, to rent, and to construction cost - all point to a bubble in the housing market," said Yao Shujie, head of the School of Contemporary Chinese Studies, University of Nottingham...........................................Full Article: Source

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