Marc Faber : we already have a property bubble in China

Marc Faber, publisher of the Gloom, Boom & Doom report, said in a phone interview 19 Nov with Bloomberg Television speaking about Chinese economy ....:"....I think we already have a property bubble but it does no mean that the whole economy will go into recession , and I will add to it eve if there is a slow down in China it is a very large country like the US was in the 19th century and still is today , so you can have some sectors of the economy going into recession and other sectors still expanding.....