Chinas housing prices, which have tripled in major cities in the past 10 years, face a meaningful correction in the next year or two, according to a paper from the U.S. National Bureau of Economic Research.
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Once upon a time, China’s youth were used to spending all of their salary in a month without saving, but now, the post-1980s generation, representing China’s youth, is taking a turn toward a more frugal lifestyle.
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By Ryan Vlastelica
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China Finance, a publication of China’s central bank, has warned that there’s ‘very large pressure’ for Chinese property prices to fall in the second half of this year.
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SHANGHAI, July 13 (Reuters) – A Banque PSA Finance unit has agreed to raise its stake in PSA Peugeot Citroen’s auto financing firm in China by buying a 50 percent equity stake from another stakeholder, the adviser of the deal said on Tuesday.
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