Tuesday, July 18, 2006

Real Estate Is So Hot In China That It Is Pushing The Economic Growth Rate To Double Digits

Real Estate is so hot in China that it is pushing the economic growth rate to double digits. This extraordinary growth rate has China's economic watchdogs concerned rabid investment will result in defaulted loans. With high growth rates everyone wants to get in on the boom, which results in poor investment loans that eventually become defaulted. With China's economy being so large, and overseas investment pouring in, defaulted loans could seriously effect the world economy. SnapUpRealEstate.ca has the complete article.

No comments: