China Manufacturing Contracting, Korean Profits

Asian Stocks Fall on Signs China Manufacturing Contracting, Korean Profits

"A property bubble like we've never seen before"

Chinese Real Estate and the Civil Unrest Powder Keg
In China, a massive real estate bubble has left 64 million apartments vacant -- and millions of laborers angry. Things are getting heated in western China.
BEIJING -- Chinese police "gunned down" several rioters after four people were killed in an attack on a police station in the northwestern region of Xinjiang, the state media reported, in what appeared to one of the most violent incidents in the mostly Muslim area since it was shaken by ethnic rioting in 2009.

Bloomberg Television's "Behind The Wall": China's Ghost Cities

Edited by Rogerdodger, 20 July 2011 - 11:18 PM.

Asian Stocks Fall on Signs China Manufacturing Contracting, Korean Profits

"A property bubble like we've never seen before"

Chinese Real Estate and the Civil Unrest Powder Keg
In China, a massive real estate bubble has left 64 million apartments vacant -- and millions of laborers angry. Things are getting heated in western China.
BEIJING -- Chinese police "gunned down" several rioters after four people were killed in an attack on a police station in the northwestern region of Xinjiang, the state media reported, in what appeared to one of the most violent incidents in the mostly Muslim area since it was shaken by ethnic rioting in 2009.

Bloomberg Television's "Behind The Wall": China's Ghost Cities

I don't blame Bloomberg for the report 'cause it's true. The living environment in many cities in China is destroyed to the point nearly uninhabitable by human beings thanks to the insane for-profit-only oriented development projects and numerous environmental polluting factories. I bet if the chinese governments (central and local) keep doing these for another 20 years, there will be no place left which are suitable for any types of animals to live including human beings.

Edited by redfoliage2, 20 July 2011 - 11:51 PM.

I guess command and control economics don't work any better than crony capitalism.

Maybe the bigger they are, they harder they fall. YIKES!

Edited by Rogerdodger, 20 July 2011 - 11:52 PM.

http://www.youtube.c...feature=related

The world's biggest indoor mall.....in China.....still mostly empty!

Edited by pdx5, 21 July 2011 - 01:45 AM.

Well, perhaps this is it, Chinese property values will plunge similar to 1930s in US, probably 90%. This mania in China has been going for over 2-3 years now since US chose to inflate away out of its own RE bubble that burst. So, China had to inflate against US and imagine US RE bubble being replaced by Chinese version over there...

Arbman, For a fact, we know China is a giant bubble. Manufacturing is also slowing down, but tell me where the Copper is going to? If Copper is at a (almost) record price , then somebody is buying aggressively! We can account for high prices of Gold, Oil, Silver on speculation but Copper?

Think what people will do here to vacant properties? did any one see boards on windows?

I guess command and control economics don't work any better than crony capitalism.

Maybe the bigger they are, they harder they fall. YIKES!

china is facing the impossible trinity, that's why many like myself are bullish USA and bearish China. (JMHO)

Well, perhaps this is it, Chinese property values will plunge similar to 1930s in US, probably 90%.

This mania in China has been going for over 2-3 years now since US chose to inflate away out of its own RE bubble that burst.

So, China had to inflate against US and imagine US RE bubble being replaced by Chinese version over there...

Shanghai already had a real estate "bubble"
burst in 2005, right? It didn't amount to much because the homes were 80% equity and only 20% debt financed. The United States holds the belt for "Degenerate Real Estate gamblers", we are in a class all our own in that regard.