| From Homesoverseas.co.uk: Residential property prices in China could plummet by as much as 50% over the next decade, a lead property researcher has projected. Ling Xiuli, a senior researcher with PICC Asset Management Company Ltd, said: "House prices in big and medium-sized cities may collapse at any time, and insurance funds should avoid entering this sector unless housing prices are adjusted."
Xiuli is also concerned that the disparity between incomes and property prices has become too great, adding: “The house price to income ratio in China is unprecedentedly high in world economic history, and the housing price bubble has hit its peak.".... Full Article: Source
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