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Uh huh. But don't worry, our house prices are set to stay high forever!
Shanghai will replace New York as the world financial center.
Don't you wish to buy New York real estate in 1800?
Shanghai will replace New York as the world financial center.
For awhile, until the Chinese outsource all of their industry to Afghanistan.
China is 10 years or so behind US in policies. If you want to play stock market, just look at US and project that situation into China few years in advance.
http://money.cnn.com/2012/04/24/news/economy/china_real_estate/index.htm?iid=Lead
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