Sunday, February 7, 2010

China Asset Bubbles

China Asset Bubbles - China’s Property Market ‘Bubble’ set to burst as the gov’t curbs credit growth and
clamps down on speculation according to independent economist. As bank lending slows, it is very difficult
to see the current demand continuing. Asset bubbles are the “real worry” as China emerges from the global
financial crisis into a “boom time.” Bloomberg

Shanghai Mortgages - Shanghai banks’ ratio of delinquent mortgages would almost triple should prices in
China’s second- most expensive property market fall 10 percent.

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