Chinese In Disbelief After Government Statistics Show Mere 1.5% Increase In Home Prices

china restaurant

Typically the Chinese government gets slammed for inflating economist statistics, but in this case there’s suspicious they’re doing just the opposite.

According to China Daily, the official home price increase for 2009 was a mere 1.5%.

A reader writes to say that Chinese are baffled at the news, and a China Daily commenter believes the number is a total lie, as well.

Bonus: Why Chinese real estate is the most obvious bubble ever >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.