30.06.2010 - China's housing bubble: Imminent disaster or no big deal?
From Fool.co.uk: If you thought the real estate bubble and subsequent fallout in the US and UK was bad, know that China has a chance to be worse. Real estate investment grew 26% annually in China from 2001 to 2008, and prices in the market have tripled while capacity has doubled. While urbanisation is one driver of these trends, speculation is clearly another. The Chinese government recently tried to put on the brakes by banning loans for third homes and raising the down payment requirement on second homes to 50%..............................................Full Article: Source
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