Imagine being such a fucking moron you think this is bad for average working Chinese citizens lol. All this is going to do is lower their cost of living and make housing more affordable for everyone. Many young Americans and Europeans today could only dream of such a wonderful thing happening. So what if the value of property goes down? You don't have to sell your house. All that means is more people can afford what you own. How is that not fair? How is that not good? That's free market capitalism in the works. Bubbles pop, prices go back down and it's a good thing.