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China heading for housing bubble

Well while India considers withdrawing its stimulus - China is asking the question has its stimulus gone too far? Full Article at Radio Australia

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  1. New apartment prices have surged almost 30 per cent in Shanghai over the past year (Reuters: Nir Elias) There are concerns the Chinese Government's stimulus spending is fuelling a property boom which could cause a dangerous housing bubble. Full Article at ABC Online

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  1. China's Lu Wen, in red jersey, goes to the hoop against Taiwan during their women's gold medal basketball game at the East Asian Games Friday Dec. 11, 2009 in Hong Kong.
  2. Labourers unload packs of rice at a food market in Shanghai, December 11, 2009. Food prices in China, which make up a third of the consumer basket, rose 3.2 percent in November from a year earlier.
  3. SHANGHAI, CHINA - DECEMBER 07:    Ruud Gullit attends the press conference to announce that the Barbin Beer to be the official beer of the FIFA World Cup South Africa to China on December 7, 2009 in Shanghai, China.
  4. SHANGHAI, CHINA - DECEMBER 01:   South Korean group Wonder Girls perform during their concert at Shanghai Grand Stage on December 1, 2009 in Shanghai of China.

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