Protests against falling house prices selfish

Given the widespread concern about rising housing prices, it would have been natural to expect the recent decline in housing prices to have been greeted with some celebration, but that has not entirely been the case.

Although the National Bureau of Statistics' data on housing prices in dozens of domestic cities was still stably high in September, traditionally known as "golden September" in the industry, as it is the month that housing sells best, its performance was poor compared to what it has been in recent years.

According to a research report released by China International Capital Corporation, sales of new commercial housing in 60 cities only increased 1 percent in September over sales the month before, which is remarkably lower than the figure over the past seven years when housing sales have increased 8 percent month-on-month in September on average.