Reported 8 months ago
According to financial expert Zhang Dingxuan, the recent credit control measures by the Central Bank are unlikely to have a significant impact on the housing market, as the government has long neglected the harm caused by soaring house prices. Besides, he suggests that the government, including five major departments such as the Central Bank and the Ministry of Finance, should come together for discussions to effectively address the overheated housing market. Zhang also warns the public to carefully assess their debt capacity and risks associated with investments in the face of potential market fluctuations.
Source: YAHOO