China's building boom moves inland as government measures to limit property-price appreciation...

|By:, SA News Editor
China's building boom moves inland as government measures to limit property-price appreciation hit Beijing and financial hub Shanghai hard. Land investment in less affluent cities climbed 35.4% last year, and Andy Xie calls the market "a huge bubble" and expects China may raise rates four more times this year. (previously: rate hike, Shanghai condo prices)