Katsuji Nakazawa is a Tokyo-based senior staff writer and editorial writer at Nikkei. He spent seven years in China as a correspondent and later as China bureau chief. He was the 2014 recipient of the Vaughn-Ueda International Journalist prize.
A long-held belief in China is that as long as the Communist Party stays in power, housing prices will continue to rise. Ordinary Chinese, however, are now debating whether this conviction is about to be turned upside down.