People’s Daily: Fears rise over property bubble

Posted by Xiao Qiang | Feb 23, 2005

China’s real estate market seemed to have got into a strange position in 2004, as the central government issued a series of policies to cool down the sector, but housing prices continued to rise throughout the year.

This surprising double-digit year-on-year growth may have delighted developers, but made experts fear a market bubble.

Categories : Economy