China Scrambles to Cool Overheated Real Estate Market as Housing Bubble Continues to Grow

China Scrambles to Cool Overheated Real Estate Market as Housing Bubble Continues to Grow
This photo taken on August 2, 2013 shows commercial and residential property from the under construction Shanghai Tower in Pudong, Shanghai. PETER PARKS/AFP/Getty Images
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The Chinese government went all out during the first half of 2018 to cool an overheated real estate market.
Major cities in China have issued regulations for their local real estate markets more than 260 times through July of this year, according to data from Centaline Property Agency, one of the largest property agencies in Hong Kong. That’s an all-time high and marks an 80 percent increase in frequency compared to the same period in 2017.
Iris Tao
Iris Tao
Author
Iris Tao is a Washington correspondent covering the White House for NTD. Prior to her work at the White House, she reported on U.S. politics and U.S.–China relations from NTD’s New York headquarters. She holds degrees in journalism and economics from Boston University.
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