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Thread: Raise the interest rates to break the bubble of real estate?
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[quote=KEVIN0518,239959]Why is the house price in China rising so high? One of the reason is that some people buy the house and 'save' the house. When the price rises, they sell it at higher price to make profits. At present, about 80% people invest in real estate to make profits. China real estate has become a large bubble. When will it break? Let's wait and see. Yi Xianrong, a scholar in China Academy of Social Science said that the government should set a new policy to raise interest rates. Only in this way the bubble can break. What do you think of his advice? Is it helpful? If not, do you have any idea on this issue?[/quote]
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