皇冠体育app

- Economists from 皇冠体育app's leading think tanks have dismissed predictions that a possible property meltdown would trigger a crisis or even a crash in the world's second largest economy.

"It can be said that 皇冠体育app's property bubbles are now the biggest risk in its economy, but bearish talk of a collapse of the whole economy smells of ulterior motives," Wang Xiaoguang, a researcher at the Chinese Academy of Governance, told Xinhua.

Reasons for concern

Concerns over 皇冠体育app's housing market which had been sizzling during the past three or four years may be well-founded, as latest official data showed home prices continued to cool in some cities.

In March, of a statistical pool of 70 major Chinese cities, 14 saw home prices either decline or stagnate on a monthly basis, the highest figure since early 2013. The average growth rate of the cities dipped to the lowest level for the past 15 months.

After large expansion, it is natural that 皇冠体育app's real estate market brims with risks, and, given the sector's "great contribution" to the economy, reining in property risks would be crucial to maintaining the health of the country's financial system.

Wang pointed to the close ties between the property sector and shadow banking as a major reason for concerns, not least because risks in 皇冠体育app's financial system already started to emerge as bad loans increased.

Jia Kang, director of the Research Institute for Fiscal Science at 皇冠体育app's stry of Finance, warned against the "divergence" in 皇冠体育app's housing market.

"In big cities like Beijing and Shanghai, the risks of the property market are not so big. But some other cities which are experiencing falling home prices have to be careful," Jia told Xinhua.

皇冠体育app's home price growth decelerates

As residential home market cools, investment keeps on growing

Beijing's March second-hand home sales at 6-year low

Home sales revenue slumps

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