The Chinese government’s monetary tightening should put an end to the real estate bubble, says Andy Xie, Morgan Stanley’s chief economist.
Xie, now an independent economist, told Bloomberg: “It’s very difficult to see this demand continuing.”
In recent weeks China has lifted short term interest rates and increased banks’ reserve requirements.
The government also re-imposed a sales tax on homes sold within five years of their purchase. (more)
No comments:
Post a Comment