Real estate prices in China have been on a roll. That sounds good on the surface, but consider this: property prices in China are now roughly the same per square foot as in the US. The problem is that the average Chinese worker makes 1/7 as much as your average U.S. worker.
Bubble?
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When the real estate bubble bursts we will see more fall out than when the US real estate bubble burst. I read that 70% of Chinese bank loans are for real estate. Surely we should start worrying before purchasing Chinese equities or the trackers which have a huge component of bank stock as their core holdings