03.11.2011 - Is China's property bubble about to burst?

In an interview with the New York Times last year, leading hedge fund manager Jim Chanos described China’s property market as “Dubai times a thousand." He was of course referring to the collapse of the Gulf state's overheated real estate market in 2009 after a six-year boom. In another interview with Bloomberg during the same period, Chanos said China – which has enjoyed its own boom – was on a “treadmill to hell.”..............................................Full Article: Source

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