China's Bubble

[ksl]

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

[nakatago]

That's funny. According to the state news agency, there is no bubble.



#sarcasm

[ScoobyDoes]

Okay, but Yahoo! isn't the best source of impartial news either.

[teck21]

Like all economic bubbles, until it bursts, it's no bubble.

[wwww]

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...

[ksl]

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...

I've been following these kind of articles for over 18 months, with interest! It's been pretty obvious that it was going to happen as they were building only for very short term 2 or 3 years in some cases, before starting afresh the main crux was to keep the massive construction industry employed.

[Vaucluse]

Which will come first, economic or social implosion or will they occur pretty much simultaneously?