Submitted by Simon Black of Sovereign Man
Boots On The Ground In China: Signs Of A Slowdown Are Obvious
Stunned. That probably best describes the mood of China's vast pool of property owners. For the last few years, anyone with as much as a taxi driver's salary has been speculating in the real estate market, scooping up off-plan properties at terms that would make a Countrywide mortgage broker blush.
And why not? Chinese culture has almost universally adopted the attitude that property
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