Real estate crash in China: Foreign funding down 80pct, land sales ...

Inquiring minds are reading an excellent report China Real Estate Unravels by Patrick Chovanec, a professor at Tsinghua University?s School of Economics and Management in Beijing, China. The report confirms many of the things I said would happen in regards to the Chinese real estate bubble and GDP. Here are a few items of note. Developers, burdened by 70% leverage ratios and loans threatening to come due, rushed to complete projects already in their pipeline, to put those units onto the market and raise cash???????????????..Full Article: Source

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