Prices in some larger cities still look "bubbly," Nigel Chalk, IMF mission chief to China, told reporters while discussing the IMF's annual report on the Chinese economy. That's an understatement and it goes way beyond the real estate sector. Price inflation is very high in China, which is causing the Chinese central bank to slow money growth, which will cause a classic Austrian Business Cycle theory crash in the country.
quinta-feira, 21 de julho de 2011
A bolha imobiliária chinesa
Bob Wenzel, em IMF Warns on Chinese Real Estate Bubble: