CASS: Chinese property correction imminent

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From Ifeng:

China Academy of Social Sciences Institute of Finance and Economics and other institutions on November 30 released the latest research results that the 35 large and medium cities in the prevalence of the risk of overvalued, hot cities overall risk situation is more prominent, and second-tier cities are not limited to purchase Risk situation is relatively optimistic.

The results show that the top 10 cities with the most overall risk are Shenzhen, Xiamen, Shanghai, Beijing, Nanjing, Tianjin, Zhengzhou, Hefei, Shijiazhuang and Fuzhou. (Limited to 35 large and medium-sized cities).

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.