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Is the Chongqing model the answer to the property price question in China?

Property prices have been rising at an alarming speed in many Chinese cities in the last ten years. For instance, official statistics show that house prices in Shanghai and Beijing more than tripled between 2006 and 2016 (see Figure 1). If this trend continues, housing affordability will be a real issue. At the 19th National Congress in October 2017, the central government sent out clear signals that measures will be taken to curb house prices effectively. There have been heated debates about how to... Read More >

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