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Thread: Can Chinese Real Estate Bubble Bring World Economy Down?
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[quote=VIGORHE,493571]Real estate bubble in China has broken out for three years. Inflation all over China has been lasting for many years. Supply and demand for housing, food, home appliances, garments, building materials,etc. sustain unbalanced. Roaring price of housing imposes heavy pressure on low-income earners. The privileged monopolizes major resources in China. Forty percent of suites are empty, which have not been sold out. The investors would not like to reduce the price because they loaned millions of money from the bank.... Speculators make good use of banks to earn profits. China real estate bubble cannot bring global economy down. China relies on labor-intensive industry, while developed nations rely on Hi-Tech one.[/quote]
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