China’s Major Cities Face Reality of Commercial Real Estate Bubble
Many investors are enamored with how China can keep a 7%+ growth rate going as the rest of the world only begins to dig out from recent economic events. There are many reasons this GDP growth rate has been able to be maintained although a large capital surplus of US dollars and a burgeoning middle-class that wants to be like America stand out as two of the more visible. Although for the moment the real looming question is if China can maintain this strong growth rate. Perhaps the first cracks beginning to show are in the Chinese central development plan,…