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Xinhua Calls on Governments at All Levels Stay Calm as China’s Housing Prices Continue to Fall

On March 19, 2014, Economic Information, a publication under Xinhua News Agency published an article calling on governments at all levels stay calm as China’s housing prices, from the Yangtze River Delta region to the first-tier cities nationwide, continue to fall. The downturn in housing prices will inevitably have a negative impact on China’s macro-economic growth and financial stability. According to the article, the impact of the “adjustment of property markets” is still under control.

Source: Economic Information, March 19, 2014