China

China real-estate: A bubble bursting

For 31-year old Beijing resident Wang Yuanzhi, talk about a bubble in Chinese property is not something to be too concerned about.

“If you look at the real estate market in China, it has already seen a golden decade of extreme fast growth. There will still be room for growth in this market, even in the next ten to twenty years,” said Wang, who bought a home under construction last December. “The whole housing bubble is a fear; it is a concentration on the risks that the real estate market faces.”

Underlying confidence expressed by residents such as Wang may be what China’s authorities hope will aid a recovery in a market that has seen prices fall for three straight months.

http://www.cnbc.com/id/101945949

Related Posts

  • 11 Ugly Charts That Confirm China's Dramatic Slowdown
    81
    11 Ugly Charts That Confirm China's Dramatic Slowdown During the National People's Congress, China's policymakers announced that it would target 7.5% GDP growth target for 2014. This is down from 7.7% growth in 2013, and the recent data shows that the economy is clearly off to a slower start to…
    Tags: china's, growth, economy, year, china
  • China's central bank is prepared to take its strongest action since 2012
    78
    China's central bank is prepared to take its strongest action since 2012 to loosen monetary policy if economic growth slows further, by cutting the amount of cash that banks must keep as reserves, sources involved in internal policy discussions say. A cut would be triggered if growth slips below 7.5…
    Tags: china's, room, growth, year, fall, market, economy, china
  • How China's Slowdown Is Having Ripple Effects All Over The World
    76
    Chinese economic growth slowed to the lowest level since 1999 last year, expanding 7.7%. Policymakers have recognized the need to rebalance economic growth and are now slowly transitioning away from a credit and export driven economy to one driven by consumer growth. Some argue that the recent crackdown on shadow banking and the money market rate spikes are…
    Tags: growth, economy, china, year, chinese, china's, market
  • China central #bank says to continue stable monetary policy
    68
    China's central bank reiterated its stance of continuing with a stable monetary policy this year and promising to contain risks in lending, noting that the economy has yet to find a stable base for growth. In its quarterly monetary policy report, released on Saturday, the People's Bank of China (PBOC)…
    Tags: china, property, china's, year, growth, economy, risks
  • How to hedge yourself against shakes from Asia’s biggest economy China
    68
    The global financial crisis did not start in 2008 but in 2007 when BNP Paribas and UBS AG suspended withdrawals from some of their funds. If the world is once again buffeted by a similar crisis thanks to the enormous splurge in Chinese lending and fears about the quality of…
    Tags: china, will, chinese, economy