The Great Property Bubble of China May Be Popping

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The Great Property Bubble of China May Be Popping

Postby Trade2win » Sun Jun 12, 2011 12:25 am

The Great Property Bubble of China May Be Popping

BEIJING—After years of housing prices gone wild, China's property bubble is starting to deflate.


Residential prices are heading downward in some major cities, damping some undesired real-estate speculation but raising the prospect that the Chinese economy may slow more rapidly than anticipated with profound consequences for global growth.

Real estate is a foundation of China's phenomenal growth record in the past two decades, and its health is crucial to China's construction, steel and cement sectors. Real estate is also a favored investment of Chinese looking to get better returns than bank deposits pay. Local municipalities and provinces depend on rising prices for land sales as well to fund infrastructure projects.

World Bank economists warned at a Beijing press briefing on Wednesday that a real-estate bubble was among the biggest economic risks China faces.

Read more: http://online.wsj.com/article/SB10001424052702304906004576367121835831168.html?mod=WSJ_hp_us_mostpop_read
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Re: The Great Property Bubble of China May Be Popping

Postby Dennis Ng » Sun Jun 12, 2011 8:45 am

Hi all,

and of course, when the Property bubble in Shanghai and Beijing burst in year 2012, seminar graduates would know that I had been warning about this event since Oct 2010.

Check the postings I wrote in Oct 2010:
http://www.masteryourfinance.com/forum/ ... php?t=1443

Cheers!

Dennis Ng

Trade2win wrote:The Great Property Bubble of China May Be Popping

BEIJING—After years of housing prices gone wild, China's property bubble is starting to deflate.


Residential prices are heading downward in some major cities, damping some undesired real-estate speculation but raising the prospect that the Chinese economy may slow more rapidly than anticipated with profound consequences for global growth.

Real estate is a foundation of China's phenomenal growth record in the past two decades, and its health is crucial to China's construction, steel and cement sectors. Real estate is also a favored investment of Chinese looking to get better returns than bank deposits pay. Local municipalities and provinces depend on rising prices for land sales as well to fund infrastructure projects.

World Bank economists warned at a Beijing press briefing on Wednesday that a real-estate bubble was among the biggest economic risks China faces.

Read more: http://online.wsj.com/article/SB10001424052702304906004576367121835831168.html?mod=WSJ_hp_us_mostpop_read
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
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