Wednesday, August 4, 2010

China property market a time bomb attached to a bubble - article by Andy Xie from WSJ

"By Andy Xie

BEIJING (Caixin Online) -- How many flats in China are sitting empty? The media recently floated a story -- denied by power companies -- that 64.5 million urban electricity meters registered zero consumption over a recent, six-month period. That led to a theory that China has enough empty apartments to house 200 million people."

Read the rest of this comprehensive and scary Chinese property bubble analysis, click here

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