Published: 12:58pm, 20 Jul, 2018 Updated: 5:53pm, 20 Jul, 2018
The yuan's devaluation, coupled with Beijing's policies to govern house prices, has caused the property market to fall. Wang Chen, at Xufunds Investment Management, warned current tightening measures against the property market have been harsher than previously expected. "The government is trying to control prices by raising interest rates and cutting credit rates," he said.