Great Reuters article about some very concerning aspects of the Chinese property market boom. Gov't has a lot of ammunition they can fire (property taxes, sale limitations, supply of land, etc.) and prices are slowing down somewhat in the back half of this year but the dizzying amount of mortgage fraud is a huge hidden risk on Chinese banks' balance sheets.
Submitted December 05, 2017 at 07:19AM by gaboonzoom http://ift.tt/2ARtTgn
