More Signs Restrictions are Coming to a Chinese Property Market Near You
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During a discussion over whether or not the country’s property sector was in the midst of a bubble, Qi Ji, vice-minister of Housing and Urban-Rural Development, said, “In some big cities and coastal cities… property prices are too high.” Additionally, at the same meeting an official from the People’s Bank of China was noted saying that the Chinese government should support speculative buying in the property market. All in all, I believe restrictions are coming for the sector and I remain bearish on EHouse (EJ) and the Chinese real estate ETF (TAO).
This comes after this news yesterday.
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