Ignore threat of bubbles at your peril
By Xin Zhiming | China Daily | Updated: 2010-03-16 08:07
Four or five years ago, unstoppable residential housing prices prompted some economists to warn that the industry had hijacked the national economy.
Sadly, they have been proven correct.
It is sad certainly not only for those who cannot afford housing, but also for national policymakers, who are supposed to regulate the sector.
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