China property bubble may lead to US-style slump (Business Times (Malaysia))
by Content Keyword RSS copy on Thursday, December 31st, 2009 | No Comments
BEIJING: Li Nan has real estate fever. A 27-year-old steel trader at China Minmetals, a state-owned commodities company, Li lives with his parents in a cramped 700 sq ft apartment in west Beijing. Li originally planned to buy his own place when he got married, but after watching Beijing real estate prices soar, he has been spending all his free time searching for an apartment. If he finds the …
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