中国法律博客
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Bubble, Bubble – Real Estate Price Data Released
媒体来源: 中国法律博客

I don't know about you, but despite all those rosy scenario stories out there in the press today following releases of various bits of economic data (hint: the numbers are on the way up), this news makes me a bit queasy:

China's urban housing prices rose in October by the largest amount in more than a year as a buying spree played out amid abundant liquidity.

Housing prices in 70 major cities jumped 3.8 percent last month, the biggest year-on-year increase since September 2008, the National Development and Reform Commission said yesterday on its Website. (Shanghai Daily)

Stimulus money and hot money inflows are apparently pouring in to the property market, and with the government announcing today that the loose monetary policy will continue, let's just say that if this keeps up much longer, my digestive system is going to suffer from a liquidity problem.

I seem to be saying this on a regular basis these days, but I don't think this is going to end well. I'm American, and I know a thing or two about unsustainable asset bubbles.

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