Beijing's New Challenge: China's Post-Crisis Housing Bubble

"Facing an overheating economy and a growing bubble in residential property markets, China began to tighten monetary policy in early 2010. If Beijing can effectively cool down the speculative demand for housing, the uncontrolled collapse of the bubble is unlikely. Nonetheless, Pieter Bottelier warns that China must continue to be wary of the potentially destabilizing social consequences associated with increasingly unaffordable housing."