As I read the article Haunted housing.With the development of society and an increasing number of GDP,not only the government but also citizens needs to face a serious economic problem in China-property bubble. Article Haunted House mainly analyses the cause of the problem in CHina and gives some great examples. 

The first thorny problem is the increasing tendency of property prices in China. Not only houses’s prices, but everything in China including basic daily supplies seem more expensive than before.

Although people already realized some problems: price of houses are still going up in some cities like Shanghai and Beijing. On the other hand, regions like Dongbei don’t have a such a demand as big cities. The house market in these cities becomes structural oversupply which caused haunted house.

In my opinion, the government should set a policy as soon as possible to avoid a property bubble. However, because of traditional thoughts, Chinese won’t give up to buy a house if they could afford. The policy would be a double-edged sword yet it worth to try.

source:http://www.economist.com/news/finance-and-economics/21589877-even-big-developers-and-state-owned-newspapers-are-beginning-express-fears

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