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Delirious Construction And Property Bubbles Prop Up China GDP (And Buy Social Stability For Now)

 
Anonymous Coward
User ID: 1130777
Japan
10/20/2013 08:24 PM
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Delirious Construction And Property Bubbles Prop Up China GDP (And Buy Social Stability For Now)
China’s economy grew barely above the government-decreed minimum of 7.5%. Deep frustrations simmer beneath the surface and can explode at any time. To maintain social stability, the government douses the land with money. Growth at any cost. But the results are majestic property and construction bubbles – and they can’t be inflated forever.
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