| Remember Chinese property? How there was a boom in apartment building that amounted to some 10 per cent of GDP, and now there are gazillions of investment apartments sitting empty, and local governments got really hooked on the revenues from land sales, and it all fueled the development of weird and dodgy securitisations which offered a tempting alternative to letting one’s savings lose value in a deposit account?
Then in 2010 the government began introducing measures to dampen speculation in the bigger cities, and the whole thing began to slow down, leaving many local governments and developers somewhat worried...............................................Full Article: Source
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