Chinese real estate market on the verge of collapse!

[totallyproperty]

There is a very interesting article in the Bangkok Post about impending problems for the Chinese real estate market:-

Strains building up for China property market | Bangkok Post: news

Any views?

 

[Florent]

Well that's no surprise. We all know that any nation that entirely depends upon credit as a means for economic growth will confront a serious macroeconomic crisis. To put it differently, so long as credit flows are accessible during good times the same as the one we found in China and elsewhere then everything would somehow seem under control, but after slow down happens banks will be compelled to curtail financing and the accrued credit and other types of fictitious assets from the preceding boom years will turn sour.