In China, it’s not baby boomers causing house price bubbles | China Tonight

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The video item below is from ABC News (Australia). ABC News is a public news service in Australia produced by the News and Current Affairs division of the Australian Broadcasting Corporation.

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  • ABC News (Australia) published this video item, entitled “In China, it’s not baby boomers causing house price bubbles | China Tonight” – below is their description.

    A global study found young Aussies are below average when it comes to owning a home. But in China it’s a very different story…

    A huge 70% of millennials, aged 19-36, own their own home!

    But despite government policy to cool the market, the average price of a new home has been increasing every month this year, showing no signs of slowing down.

    Annie Louey took a look.

    ABC News (Australia) YouTube Channel

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    China is the third largest country in the world by area and the largest country in the world by population. Properly known as the People’s Republic of China, the political territory of the country includes the former nations of Tibet and Hong Kong. The capital is Beijing.

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