China property bubble burst could flatten global economic recovery

“It's simply a matter of time before the Chinese real estate bubble bursts,” insists Yi Xianrong, longtime student of Chinese property trends at the finance department of the Chinese Academy of Social Sciences. “A bubble burst in China would not only deal a fatal blow to our own economy, but would also extinguish the world's hope for recovery.”

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    COMMENTS

    vivek

    1 decade ago

    Good that DB Realty stock tumbled, so future real esatte IPO will come to know that sell the houses at appropiate prices is the best option and raising money from IPO is not..
    Govt regualtion is must and black money should be avoided for better economic health and good for mdeium class people...
    RBI has done the good thing for medium class people.. Home prices have gone beyond upper middle class people in metros...
    Black money coming from abroad and from local businessman going into real estate as there is no regulation...
    Service class people cant think of buying home as they have to give atleast 20% in black in Mumbai...
    As there is no regulation 80L rs flat having registration value of 45L only, its hurting govt revenue and Indias economy...

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