35 China cities at 'high risk' of falling house prices, says think tank

Beijing

A CHINESE government think tank has identified 35 major cities with over-valued property markets, saying they face more severe risks of falling home prices than seen in previous property boom cycles.

Among the 35 major cities, China's first-tier centres - Shenzhen, Shanghai, Beijing and Tianjin - and second-tier cities - Xiamen, Nanjing, Zhengzhou, Hefei, Shijiazhuang and Fuzhou - were said to be the 10 cities most exposed to property market risks.