Opinion: Despite serious problems in China’s housing market, ‘bubble’ is the wrong word to describe fast-rising property prices
"Investors, analysts and the press have been predicting Chinese real-estate Armageddon for the better part of a decade," writes the author. "But there has been no nationwide crash. Prices have weakened for a time, typically when the government clamps down on buying, only to take off again every few years."
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