Saturday, November 13, 2004

Bubble Trouble

Here is a nice article from the Asia Times about China's boom economy and its effect on interest rates and consumption in the US.

Why you might not want to buy property in China under current bubble conditions:
The total amount of property under construction is likely to reach 1.460 billion square meters, with a market value of about 30% of the gross domestic product (GDP) by year-end. All data suggest that the market is grossly overextended.

1 comment:

Anonymous said...

"not want to buy property in China"
hmmm, Hong Kong too?

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