29.04.2011 - Chinese property and investment: More on the Chinese bubble issue
While the developed world is worrying about sovereign debt and a sluggish rate of growth*, China is struggling to cope with the task of controlling rapid expansion. As mentioned yesterday, some people think China merits the bubble label. Commerzbank tackles the issue of the property market in a note out today. In Beijing, the price-to-income ratio of the average home is 36; that compares with 18 in Singapore, 12 in New York and just 5 in Frankfurt. By itself, this isn't a reason to be immediately bearish..............................................Full Article: Source
Print