Wednesday, January 29, 2014

China’s Households “Massively” Exposed To Housing Bubble “That Has To Burst”


zerohedge.com / by Tyler Durden on 01/28/2014 14:51 -0500
The topic of China’s real estate bubble, its ghost cities, and its emerging middle class - who now have enough money to invest and have piled into houses not stocks – and have been dubbed “fang nu” or housing slaves (a reference to the lifetime of work needed to pay off their debts); is not a new one here but, as Bloomberg reports, the latest report from economist Gan Li shows China’s households are massively exposed to an oversupplied property market.
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