Tuesday, December 20, 2011

China's Real Estate Bubble May Have Just Popped

China's Real Estate Bubble May Have Just Popped - Patrick Chovanec: China's real estate market has overheated in the past. But Beijing has repeatedly said it would "cool" things down; it never did. Now, as the market corrects itself, a large part of the country's economy is convulsing, while sending shockwaves through the global economy.

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