Property buyers hit a brick wall as Beijing tries to avert housing bubble

, , Comments Off on Property buyers hit a brick wall as Beijing tries to avert housing bubble

For almost two decades, China’s property market was a one-way bet. As urban residents made the move from state housing to privately owned flats from 1998, there were big profits to be made. Before that year, when then premier Zhu Rongji privatised the …
( read original story …)