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China Is Desperately Reinflating The Real Estate Bubble

• http://www.businessinsider.com, Also Sprach Analys
 Yesterday we have noted the noticeable change in government actual policies as oppose to what they have been saying (to be clear though, the subtle changes have been noted for probably a bit longer).

In particular, even though the Chinese government has been, for years, telling everyone that they are serious in trying to curb home prices, it is now becoming clear that because rising home prices and inflation are what make Chinese ruling class gain personal profit, they are now giving up on real estate market curbs already.

In fact, not only have they been fine-tuning real estate policies mainly at the local governments level, they have started cutting lending rates, as we have all known. Between attempting to maintain high growth and letting the economy to adjust, the government speaks the latter and does the former.



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