[C19fan]

I guess Chinese are unfamiliar with real estate bubbles.

[ExSES]

I guess Chinese are unfamiliar with real estate bubbles.

They will be educated soon.... I'm certain their real estate promoters have fed them a diet of "Buy Real Estate..., it ALWAYS GOES UP"..., just like here in the USA!

[PGR88]

Hu Xingdou, a Beijing-based economist, said despite China’s market-oriented reforms 40 years ago, investors still lacked respect for market and social rules.

Its still a top-down economy. The Government is involved, at some level, in every industry in China.

[Rockingham]

The government has a major spurt of liquidity hnderway, but buyers are hard to lure in when price cuts are anticipated. The government will soon have to buy up bad loans and distressed properties to bolster price levels.