Chinese Regulator Attempts to Calm Housing Bubble Before US Raises Interest Rates

Customers and real estate agents look at several building models at a real estate exhibition in Jiashan, in China's Zhejiang Province, in this undated photo. AFP/AFP/Getty Images

News Analysis

Following a recent warning from China’s top banking regulator about a possible bubble in the Chinese housing market, mainland Chinese media company ARCHINA published an editorial emphasizing the communist regime’s concerns and the need to enforce tighter regulations. The move comes after U.S. policymakers announced raising interest rates by the end of 2023.