24.04.2012 - China real estate ETFs are jumping
Why are so many ill-informed analysts determined to "reveal" an ugly property bubble in China?For starters, most of those who write about China have never lived in the region; they understand precious little about Chinese culture or the mainland's government. Equally important, empty buildings or high price-to-income ratios may be indicative of future price declines, but they alone do not cause bursting balloons; that requires extraordinary participation in leveraged speculation...............................................Full Article: Source
Print