Thursday, November 17, 2011

The real-estate bubble in China is so evident

Marc Faber : The fast-growing economy of China has pushed up its inflationary pressures, with the bubble in the real-estate sector on the brink of bursting,

“Don’t believe China’s consumer price index stands only at 5 percent,” . “The truth is somewhere between 12 percent and 15 percent ... The real-estate bubble is so evident that Chinese property shares are very weak as the volume of real-estate transactions goes down and prices fall.” - in www.taipeitimes.com

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