China, bubble

Property bubble rises in first-tier Chinese cities - report

May. 7, 2007 (China Knowledge) – The ratio between house prices and rental rates in several of China's leading cities has soared well above levels that often indicate a property bubble, according to an official study. The report from the Chinese Academy of Social Sciences said the price-to-rent ratio for second-hand homes had crossed the danger line in large urban centres including Beijing, Shen.....