Why grumble?
A silver lining to the housing cloud
JUST how bad is China’s housing bubble? One important measure—the most important for those trying to get a foot on the property ladder—is affordability. Many believe that Chinese housing prices have soared well beyond the reach of ordinary people. There is some truth to that. But a closer look at the data reveals a more complex picture. The Economist Intelligence Unit, our sister company, created a city-level index to track the relation between housing prices and incomes across China. Two points stand out.
This article appeared in the China section of the print edition under the headline "Why grumble?"
China December 20th 2014
From the December 20th 2014 edition
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