Tag Archives: Stephen Roach

Chinese Bubbles

Chinese bubbles have been a topic of hot debate this summer. Most of the discussion is continued speculation about real estate with apartments in Shanghai now going for $200,000 plus (in a country where the average wage is $4,000). Informed opinions vary widely. Either China’s real estate market is based on speculation and teetering on the brink, or proactive government policy has successfully cooled it down. Continue reading