China: housing affordability

The Economist

Just how bad is China’s housing bubble? One important measure is affordability. Many believe that Chinese housing prices have soared well beyond the reach of ordinary people. There is some truth to that. But a closer look at the data reveals a more complex picture. Our interactive‪#‎Dailychart‬ looks at the relationship between housing prices and incomes http://econ.st/1GqyShZ

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