Saturday, March 13, 2010

What’s Mandarin for OMG?

China's Housing Bubble Is Inflating Faster Than Ever

The latest report on the property market in China is truly frightening. Despite measures taken by authorities to reign in the price explosion in Chinese real estate, prices rose at the fastest clip in nearly two years in February. Unless you have faith in the ability of China's central planners to perfectly negotiate a soft landing, you should be preparing for a rough crash.

Posted by charlie brooker @ 04:15 AM (1002 views)
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3 thoughts on “What’s Mandarin for OMG?

  • What’s Mandarin for OMG?

    Bruddy herr, everyone making mahneey innit! You shuddup western pigdogs. Keep gwailo noses out of Chinee business!

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  • The China melt-down is a given. No country has ever experienced anything remotely like the changes experience in China in two decades, without major social and political upheaval attending it. It’s only a matter of when.

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  • I believe the Chinese stats only reflect the price of new houses – the Chinese regard second-hand houses much as we regard second-hand cars.

    The interior of Chinese houses used to be very simple and spartan, but that is changing rapidly. When looking at Chinese housing stats, you need to factor the improved specification out of the numbers.

    There was a stampede to borrow at the start of this year, as a credit squeeze was widely (and correctly) rumoured.

    The pace of change in China remains breathtaking, but so far I don’t see any major unsustainable elements in their economy that make a crash inevitable.

    The Chinese govt is right to cool things a little now, and in general they appear to be ahead of the curve.

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