China preparing pin for housing bubble?

Thursday, 2 March 2017

From SCMP:

Containing financial leverage and avoiding a property bubble will be the major focuses of the upcoming National People’s Congress (NPC) meeting due to start in Beijing on Sunday.

Curbing risks fueled by easy credit in recent years and taming a capital market increasingly manipulated by capital tycoons, or so called “financial crocs”, are tipped to be the primary objectives of delegates.

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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.