Property correction under control, says CASS paper

Fitch: Lenders' increased exposure to housing sector still cause for concern

The correction in China's real estate sector remains under control and its impact on the overall economy is bearable, an official of the country's top think tank said on Friday.

"Based on our research, the risks from the property market are still controllable," Li Yang, vice-president of the Chinese Academy of Social Sciences, told the China Insurance Development Forum.