Lik

The economy here is slowing?
peter236 發表於 2011-10-12 11:22

The economy of your motherland is bogging down -- provincial and local governments are facing major loan and debt issues, and the different levels of government are trying to put a lid on it. My hunch is that the Wenzhou debt runaway incident is only the tip of an iceberg.

Because the money supply is tightening in China, Mainland folks are pulling back / holding back on their real estate purchases. Some might even have to channel funds back to China as part of a stablizing / rescue effort. Without the Chinese hot money, is it any surprise to see the housing market cooling down?

-Lik