China, on the other hand ...
The Sydney Morning Herald, reporting from Shenzhen, China, paints a picture of empty homes for sale and agents holding come-visit signs by the road "like homeless people":
The housing market in this city of 14 million adjacent to Hong Kong is among the first casualties of China's efforts to cool an economy it fears may be overheating.Faced with surging inflation, shaky loans and a stockmarket bubble that has grown by more than 400 per cent in two years, the Chinese Government in recent months has been pulling all the policy levers at its disposal to control growth.







Comments
Shenzhen, eh? Too much of a commute for me.
Posted by: Jim | October 22, 2007 9:07 AM