Monday, January 4, 2010

China property bubble headed for crash?

 
 

Sent to you by MarcG via Google Reader:

 
 

via Lushhomemedia by luxuryasiahome on 1/1/10

It's feared the bubble may burst later in 2010, devastating homeowners, banks, developers, stock markets and local govts LI NAN has real estate fever. A 27-year-old steel trader at China Minmetals, a state- owned commodities company, Mr Li lives with his parents in a cramped 700-sq-ft apartment in west Beijing. Mr Li originally planned to buy his [...]

 
 

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