Economist Andy Xie has called the top for the Chinese property, speaking at a Caixin conference in Beijing:
“The property market has reached its peak,” said Xie, a board member at the firm Rosetta Stone Advisors. “Generally speaking, the government has been keeping money supply growth lower than the GDP growth this year, and the tightened currency supply will leave little room for housing prices to rise further.”
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.