China: “Will China’s Real Estate Sector Bottom Out in 2017? “
The construction and real estate sectors account for about 30.0% of China’s GDP. Since the financial crisis of 2008, China’s real estate sector has been growing rapidly with increased investment by the government. In 2016, property prices in China rose about 30.0% due to increased activity in the real estate space. As a result, the government took steps to control rising prices, including restrictions on property purchases and an increase in interest rates. Read more on: marketrealist.com
Source : China: "Will China’s Real Estate Sector Bottom Out in 2017? "