Global Insider: China’s Housing Bubble

Over the past few months, China's central bank has taken a number of precautionary measures to curb the risks of a housing bubble. In an e-mail interview, Eurasia Group associate Nicholas Consonery explains what China's rising housing market could mean for Chinese and international stability.

WPR: What geographic and demographic sectors are most affected by China's rising housing market?

Consonery: Though the government's official measurements have shown rapidly rising housing prices across China's 70 largest cities since last year, in reality this growth has been regionally skewed toward major cities like Beijing, Shanghai, and Shenzhen. An extreme example: In March, average residential sale prices in Beijing city increased by 60 percent year-on-year -- data that some have argued was the main reason the government took a more aggressive policy stance on real estate in April.

Keep reading for free!

Get instant access to the rest of this article by submitting your email address below. You'll also get access to three articles of your choice each month and our free newsletter:

Or, Subscribe now to get full access.

Already a subscriber? Log in here .

What you’ll get with an All-Access subscription to World Politics Review:

A WPR subscription is like no other resource — it’s like having a personal curator and expert analyst of global affairs news. Subscribe now, and you’ll get:

  • Immediate and instant access to the full searchable library of tens of thousands of articles.
  • Daily articles with original analysis, written by leading topic experts, delivered to you every weekday.
  • Regular in-depth articles with deep dives into important issues and countries.
  • The Daily Review email, with our take on the day’s most important news, the latest WPR analysis, what’s on our radar, and more.
  • The Weekly Review email, with quick summaries of the week’s most important coverage, and what’s to come.
  • Completely ad-free reading.

And all of this is available to you when you subscribe today.