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China’s Shift Away from Housing
As the government restricts real estate speculation and tries to curb ever-rising property prices, the massive amount of Chinese household savings need alternatives for returns. The next move will likely be to the stock market.
In 2016, the Chinese government made its first statement on the housing market, stating that “houses are for people to live, not for speculation”. Subsequently, this started the strictest control in China, an attempt to curb the ever-rising home prices.
China’s residential property prices have been on a historic run partly due to the commercialization