Shocking: Chinese real estate prices are actually falling - Moneylife
Many of my posts on linked in have been on the impact of construction on world economy and some have been on the likely adverse impact of falling real estate prices in China, due to over supply and improper planning and the rising cost of real estate due to investments by Chines into other countries as the hedge their savings. This is one more report which is scarey.
While construction can be a great driver to any economy using it is 'the' driver. as has been done in China, may not be the right approach. Better thought needs to be given to 'what' is being buit and 'where' it is being built
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