China's Real Estate Bubble May Have Just Popped -- Patrick Chovanec, Foreign AffairsA Host of Factors Are Set to Undermine the Country's Economic Growth.
For years analysts have warned of a looming real estate bubble in China, but the predicted downturn, the bursting of that bubble, never occurred -- that is, until now. In a telling scene two months ago, Shanghai property developers started slashing prices on their latest luxury condos by up to one-third. Crowds of owners who had recently bought apartments at full price converged on sales offices throughout the city, demanding refunds. Some angry investors went on a rampage, breaking windows and smashing showrooms.
Read more ....
My Comment: Economies will always boom or retreat .... how China will respond to an economic slowdown or recession is something that concerns everyone .... especially the Chinese.
No comments:
Post a Comment