Economic data suggests China 's authorities have the legroom to coordinate efforts to curb escalating property prices . With Q3 2017 economic expansion coming in at an expected 6.8 % and China 's National Bureau of Statistics estimates that property - price growth dropped to 0.2 % in September , authorities can allow the property market to relax a little , said analyst Phillip Zhong at research firm Morningstar . The will give officials the " confidence to continue the tightening policy without the fear of a slowing property sector dragging down the entire economy " , Zhong said . China 's property market contributed 6.5 % to overall GDP last year , compared to state - owned China Daily .
Economic data suggests China's authorities have the legroom to continue efforts to curb escalating property prices. With Q3 2017 economic expansion coming in at an expected 6.8% and China's National Bureau of Statistics reporting that property-price growth tapered to 0.2% in September, authorities can allow the property market to relax a little, said analyst Phillip Zhong at research firm Morningstar. The figures give officials the "confidence to continue the tightening policy without the fear of a slowing property sector dragging down the entire economy", Zhong said. China's property market contributed 6.5% to overall GDP last year, according to state-owned China Daily.