Chinese hit by over-inflated house prices

Fears bubble about to burst, with more than 65 million old homes remaining empty last year due to high prices.



    Booming house construction and rising home prices are contributing to an inflation hike in China.
     
    Economists fear the housing market is over-inflated and the bubble is about to burst.

    Last year, more than 65 million old homes remained empty due to the high prices.

    Al Jazeera's Andrew Thomas reports from Chuzhou.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    150 years of 'Das Kapital': How relevant is Marx today?

    150 years of 'Das Kapital': How relevant is Marx today?

    The seminal work of the 19th century economist still provides a framework for understanding contemporary capitalism.

    The shocking story of Israel's disappeared babies

    The shocking story of Israel's disappeared babies

    New information has come to light about thousands of mostly Yemeni children believed to have been abducted in the 1950s.

    Africa is not poor, we are stealing its wealth

    Africa is not poor, we are stealing its wealth

    It's time to change the way we talk and think about Africa.