China's Housing Bubble
Jan 14 2010
It's no secret that housing prices are intensely inflated in China. But as the economy picks back up, people are beginning to pay attention and even worry about the consequences of a housing bubble similar to the one that's ravished the U.S. economy. Although China has downplayed the potential for a real estate crash, a lot of prominent economists around the world have raised questions. And when even Somali pirates are concerned over the price of real estate in your country, you know you've got a problem.
http://shanghaiist.com/2010/01/14/ch...ing_bubble.php
Jan 14 2010
It's no secret that housing prices are intensely inflated in China. But as the economy picks back up, people are beginning to pay attention and even worry about the consequences of a housing bubble similar to the one that's ravished the U.S. economy. Although China has downplayed the potential for a real estate crash, a lot of prominent economists around the world have raised questions. And when even Somali pirates are concerned over the price of real estate in your country, you know you've got a problem.
http://shanghaiist.com/2010/01/14/ch...ing_bubble.php