Saturday, December 18, 2010

The Looming Chinese Bubble

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3 Comments:

OpenID danightman said...

That's taking a bubble pretty far.

We build neighborhoods that went belly-up but not whole cities.

Guess they'll be able to make some kick-tail end of the world sci-fi movies with one day. Won't need CGI or nothing.

12:57 PM  
Blogger Pints in NYC said...

Not sure what if I think this is a bubble really. To me the key sentence in the article was that Chinese strive to own their own homes instead of renting.

As the Chinese become more prosperous and their middle class grows, more of them will be able to buy their own houses. I think that leaves plenty of more room for "growth" in the economy of the Middle Kingdom.

10:07 AM  
Blogger The Western Confucian said...

danightmen, I never did like CGI!

Pints, I hope you're right, nit just for China but for the rest of us. A Chinese crash would be a disaster.

Still, unoccupied rental property for 200 million people cannot be that good of a sign.

5:06 PM  

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