'Biggest bubble in HISTORY': Billionaire warns of China's housing market collapse

'Biggest bubble in HISTORY': Billionaire warns of China's housing market collapse
 

The world's second largest economy has seen a decade-long property boom.
But this could soon pop with devastating consequences, according to China's richest man Wang Jianlin.
He believes China's problem is the stark difference between booming cities like Shanghai, where house prices are still rising, compared to huge oversupply in thousands of smaller Chinese cities, where many properties are empty.
Mr Jianlin has amassed a fortune worth £22billion through property and as head of the Dalian Wanda Group.
Speaking about China's two-sided market, he said: "I know of no good solution to... read more

 
29 September 2016 in Business, Views: 55
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 31