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LONDON (Reuters) - A multi-year boom in global house prices which even a pandemic has failed to halt is forcing central banks around the world to confront a knotty question - what, if anything, should they be doing about it?
FILE PHOTO: A real estate sign that reads For Sale and Sold Above Asking stands in front of housing in Vaughan, a suburb in Toronto, Canada, May 24, 2017. REUTERS/Mark Blinch
The surge in property values from Australia to Sweden is often viewed benignly by governments as creating wealth. But history also shows the risk of de-stabilising bubbles and the high social cost as millions find home ownership unaffordable.
Tourists admire the skyline view of Lujiazui area at the Bund in Shanghai, east China, Jan 6, 2020.
BEIJING (Global Times/ANN): At the ongoing Boao Forum for Asia (BFA) in South China s Hainan Province, Chinese officials once again send an unmistakable signal that China s resolve to open up to the outside world and welcome more foreign investment remains unwavering, even amid the Covid-19 pandemic and a complex geopolitical landscape.
Delivering a keynote speech at the opening ceremony of the BFA via video on Tuesday (April 21), Chinese President Xi Jinping said that all are welcome to share in the vast opportunities of the Chinese market.