Friday, April 23, 2021
UK

China’s property bubble a social risk, says Chinese economist

China faces the risk of youth disenchantment as property prices rise beyond their reach, a renowned Chinese economist said Friday.

“In a regular country, wealth should be concentrated in the financial markets, not fixed assets,” said Renmin University of China Vice President Wu Xiaoqiu at a media interview at the Boao Forum in the province of Hainan.

He highlighted the risks from the current property bubble in China, such as negative asset values if prices tank.

More importantly, the social risks that come from the property bubble in the form of youth disenchantment with not being to afford a home will be damaging, he said.

Important:

The articles are for information purposes only and Invest for Property shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.

Invest for Property does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

Leave a Reply

four × two =