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China's sky-high home prices sustainable, say Harvard scholars

Prices can be maintained, provided the govt acts to sharply curtail new supply

China's central bank is walking a tightrope as it grapples to address soaring house prices.


CHINA'S stratospheric housing prices can be maintained because of robust demand, provided the government radically curtails new supply, according to four Harvard University scholars. The economic downside of such price stability: huge hits to urbanisation, productivity and...

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