China’s real estate bubble

This isn’t a new story but it is worth watching the video. Note that the gentleman leading Lesley Stahl around is the same one from the fifth link below in the Australian report on China’s property market.

From CBS News in the US:

“China’s economy has become the second largest in the world, but its rapid growth may have created the largest housing bubble in history. Lesley Stahl reports.”

Video below

Also see: China to Raise Budget Deficit by 50 Percent to Boost Demand – Businessweek

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1 Comment
  1. Bill Bishop says

    you might appreciate this take on the 60 minutes story, from my dealbook column this week:
    http://dealbook.nytimes.com/2013/03/04/chinas-push-to-cool-down-housing-raises-questions/

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