A piece in the citing a senior think tank official
Zhu Baoliang, chief economist at the State Information Center
- Property investment will grow by about 6% in 2018
- Down by about 1% from 2017
- "The value and volume of property sales started to fall after peaking in the first quarter of this year as real estate regulations strengthened and monetary policy became more stable and neutral, and this could continue into the second half of 2018"
More:
- Said more housing system reforms were needed in order to curb speculative property demand
- Soaring prices were not conducive to sustained and healthy economic development for the long-term
- Reforms could include introducing a mechanism to increase land supply based on a city's population inflow, accelerating the introduction of tax legislation and developing agencies to provide long-term stable rental housing
via Reuters
I bet if I caption this something like "A China tell-you-what-to-think-tank" I'll get in strife. So I better not.
