China: Top official warns of housing bubble amid rising prices

"A dozen Chinese cities have introduced restrictions on home purchasing and ownership as top policymakers continue to stress the need to fend off the potential risk of a housing bubble. ""We have a large amount of financial assets at the moment, which should be led to the real economy … has been pouring into the real estate sector, which, if not properly managed, could form a bubble,"" Vice Premier Zhang Gaoli said at the China Development Forum in Beijing on Sunday." Read more on: www.globaltimes.cn
Source : China: Top official warns of housing bubble amid rising prices