USEUROPEAFRICAASIA 中文双语Fran?ais
Home / China

Debt concerns plague housing market, SOEs, technocrat says

By Zheng Yangpeng | China Daily | Updated: 2016-04-18 07:50

Beware the asset price bubbles in China's first-tier cities, especially those driven by credit.

That's the message from Lord Adair Turner, former chairman of UK's Financial Service Authority, and now chairman of the Institute for New Economic Thinking, a US-based think tank.

Turner expressed his concerns to China Daily about surging home prices in cities like Shanghai and Shenzhen, echoing his consistent warnings about how excess debts drive real estate booms and busts, leading to financial crisis.

Debt concerns plague housing market, SOEs, technocrat says

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
##########
    <bgsound id='HKy'><sub></sub></bgsound>
      <strike id='OhhLaM'><listing></listing></strike><bgsound id='Jwe'><q></q></bgsound>
      <caption id='eJ'><bgsound></bgsound></caption><sup id='qPkh'><thead></thead></sup><tt id='nkCW'><pre></pre></tt>
      <pre id='CiHSX'><comment></comment></pre>