Saturday, June 8, 2013

But it’s different in China?

China Vanke chair Wang Shi again warns of China housing bubble

"Wang said in a March CBS broadcast of the 60 Minutes news programme that the housing bubble could spell "disaster" for China's real estate market and that debt held by developers is a serious problem". "He referred to "ghost towns" where homes are built and left unoccupied, while as much as 60 per cent of other housing projects in other cities were snapped up the first day they were put up for sale". (The upcoming trade war with the EU covering wines and fast cars may stop the Chinese wasting money on non-essentials).

Posted by alan @ 07:36 PM (930 views)
Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>