Smells like desperation.
This won’t end well, at least for China.
That tangy smell of burning brakes on a long downhill through the mountains.
Maybe the Chinese government can prevail on Obama to lecture the Chinese people on “paying their fair share”. I presume he speaks Mandarin. According to the media and Harry Reid, the Bamster is the smartest guy around.
RUH ROH...
Building them was the only way they have kept their GDP figures afloat.
This is going to be like musical chairs, with the last person holding the overpriced flats as the loser.
Maybe prices will crash so badly that the average Chinese person can afford to buy real estate.
Maybe it might be time for them to invest in tulip bulbs?
Maybe it is time for those who keep proclaiming China’s inevitable rise to economic dominance, to recognize that China’s economy is a house of cards, built on sand, and there is a wind brewing.