The notion that real estate prices can be sustained at lofty levels, even in China is just flawed. But many in the investment community, including famed investors think it's not a problem in China due to the rapid growth. But the overall spending in real estate as a percentage of GDP is significant and is highly likely to have some side affects. Obviously when China sneezes the world catches cold. Just to give some perspective, over 50% of the seaborne iron ore globally is consumed by China.
No comments:
Post a Comment