14.07.2009 - China: Bubble likely to accumulate in property market
From People.com.cn: At present, it is likely that China's inflation pressure will not be reflected in commodity prices, but in prices of assets, especially housing prices will, Xia Bin, director-general of the Institute of Finance at the Development Research Center of State Council, recently told People's Daily. In light of the current pricing trend in the real estate market, a bubble has started to accumulate due to transactions closed based on a forecast of rising prices rather than a forecast of future returns or actual demand. ........Full Article: Source