Be prepared for the crash that has been talked about for over a year!
Chinese local authorities are failing to pay their debts on time for 2010 and the bubble has burst, after irresponsible projects went ahead, just to keep the construction industry employed.
Major waste is in the trillions and debts are rising rapidly!
http://news.yahoo.com/special-report-ch ... 26104.html
SINGAPORE EXPATS FORUM
Singapore Expat Forum and Message Board for Expats in Singapore & Expatriates Relocating to Singapore
China's Bubble
- ScoobyDoes
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There was in interesting comment about this in today's TODAY paper:
http://www.todayonline.com/Commentary/E ... gs-edifice
I am wondering what impact this will have on the local property market. The economy will tank, while probably also more Chinese investors will bring their money to the supposedly safe haven Singapore...
http://www.todayonline.com/Commentary/E ... gs-edifice
I am wondering what impact this will have on the local property market. The economy will tank, while probably also more Chinese investors will bring their money to the supposedly safe haven Singapore...
I've been following these kind of articles for over 18 months, with interest!wwww wrote:There was in interesting comment about this in today's TODAY paper:
http://www.todayonline.com/Commentary/E ... gs-edifice
I am wondering what impact this will have on the local property market. The economy will tank, while probably also more Chinese investors will bring their money to the supposedly safe haven Singapore...

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