Among the captivating figures released in China’s 2010 census is a nifty little stat: Chinese urbanites went up from 36 per cent of the population in 2000, to a hair’s-breadth short of 50 per cent in 2010. It’s pretty safe to assume, then, that by the end 0f 2011 there will be more Chinese living in cities than in the countryside.
Neat timing, therefore, for a fresh report on whether China is experiencing a property bubble in its major cities.
Commerzbank’s Ashley Davies takes many of the China bubble arguments head on.
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