Shanghai Properties

choi

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Bill Powell, China's Property: Bubble, Bubble, Toil and Trouble. Time, Mar.
22, 2010.
http://www.time.com/time/magazine/article/0,9171,1971284,00.html

My comment: Maybe China is indeed in a bubble. In US, we are all familiar
with the stories of Silicon Valley, like even janitors and secretaries
becoming obscenely rich when tech companies they had worked for went into
initial public offerings. If a cabbie of Shanghai is a tycoon, definitely
something is amiss.

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