Tianjin in China has enough office space

Projected to have more prime office space than can be absorbed in 25 years at the current rate;

http://www.forbes.co...ina-bubble.html

"It's a pure debt game," says Andy Xie, an economist who advises private investors and sees the current bubble as "much worse than previous ones."

HMM... where have we seen this one before? Or, was it housing, or does it really matter which? Could be the Global stumble will be coming from all directions. Islander

I will be damned if Chinese property values do not collapse by a whopping 90% as US and Europe enter their own slump. This crisis will hurt everyone, but what really gets me here is the culprits such as S&P who were responsible of monitoring the credit bubble from the previous cycle are now coming and adding fuel to the fire...