Faced with ever-spiraling property prices despite the strenuous attempts by officials to control them, Beijing appears close to attempting to design a comprehensive new housing policy that among other things seeks to break the bond between local officials who see rising real estate markets as the path to career success and often ill-gotten riches.
China Seeks a Way out of Its Property Spiral
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China Seeks a Way out of Its Property Spiral
Faced with ever-spiraling property prices despite the strenuous attempts by officials to control them, Beijing appears close to attempting to design a comprehensive new housing policy that among other things seeks to break the bond between local officials who see rising real estate markets as the path to career success and often ill-gotten riches.