Re:You'll never be Chinese
by wensheng on Friday August 10, 2012 @01:18PM
(#4367155)
Don't worry, the government will never let the crash happen. Plus they are trying "tightening" the housing now. Stagnating might be a better word: neither let price fall nor let it rise too fast.
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Re:You'll never be Chinese
by smacktoward on Friday August 10, 2012 @02:14PM
(#4367414)
Don't worry, the government will never let the crash happen
My bet would be these words were uttered right before every crash in history...
Yeah, the US government did its damnest to prevent the housing crash in the US, and they have a lot more money and experience with markets than the Chinese do. When the Chinese bubble pops it's going to blow the social fabric of the country apart.