China's Liu on problems plaguing property market

Excessively rapid price growth in certain cities, an irrational supply and demand structure and the inability of low income families to afford housing in the domestic real estate market are worrying officials at the People's Bank of China, says Liu Shiyu, a deputy governor.

Speaking last month, Liu said that housing prices in 70 large and medium-sized cities had increased by 9.5% in the twelve months to October last year. The deputy governor described the mix of housing on offer as

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: