China's Housing Bubble: 40% Falls Possible – China Business
china-economics-blog.blogspot.com — A recent CERP paper looks at the potential for 40% drops in China housing prices. This is a result of a number of China specific factors, including (1) lack of assets to invest in (2) the actions of state owned companies including the army that are dangerously addicted to speculation and not doing what they are supposed to do.












It could be worst than it has been forecasted...