China may have a property bubble also.
Reader comment on: China and Japan
Submitted by Lyle (United States), Aug 22, 2010 00:02
There are reports of lots of empty apartments in chinese cities, implying a property bubble may exist there. In addition we see reports that china is pricing itself out of the market, moving low value add business to Pakistan and Vietnam. This may be good news for sub-saharan africa as it will then be the last place with cheap labor when Pakistan and Vietnam go up in price.
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