Tuesday, December 20, 2011

China’s Real Estate Bubble Ready to Pop

By Tianlun Jian

The big question for economists, analysts, and investors about China’s economy has been not whether China’s enormous real estate bubble will burst, but when. Recent data suggests the time is fast approaching.

According to China’s Bureau of National Statistics, in October, in 70 large and mid-size cities, there are more cities whose real estate prices have moved down than cities whose prices have moved up, for both newly built apartments and existing ones.

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