0 Comment(s)
Print
E-mail China Daily, August 13, 2015
|
Residents consult about house property information at a housing trade fair in Yinchuan, northwest China's Ningxia Hui Autonomous Region, April 29, 2015. [Xinhua] |
The appreciation of the yuan coincided with a property market boom since 2005, the anticipation of renminbi appreciation against the dollar led to a huge amount of US dollars flowing into China and invested heavily in the property market. The expectation of yuan devaluation will cause a flight of foreign capital in the property market.
Go to Forum >>0 Comment(s)