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.
Published On 13 Jul 2011
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