01.03.2013 - Is China's real estate bubble about to burst?
The biggest housing bubble in history created by China's rapid growth and the massive investment in real estate by its burgeoning middle class may be about to burst. One of the country's leading commercial real estate moguls, Zhang Xin, tells Lesley Stahl that residential property development has reached the end of the road. And with the prices of millions of existing housing units falling since last year, China's largest residential builder, Vanke Chairman Wang Shi, tells Stahl he is seeing protests from angry investors and fears an Arab Spring-like uprising if the bottom falls out of the market...............................................Full Article: Source
Print