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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (3083)	4/17/2004 3:14:30 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Hard landing seen for property sector Q1 real estate investment soars 41% despite govt efforts to stem flow (BEIJING) Chinese real estate developers have been pouring money into new investments at a frantic pace, fuelling concerns a bubble is already a fact and that a hard landing may be unavoidable. The government said yesterday investment in real estate soared 41.1 per cent in the first quarter of the year, despite months of government efforts to stem the steady stream of capital flowing into the property market. 'It's a bubble. Every bubble has to burst. It's a matter of time,' said Andy Xie, a China economist with Morgan Stanley in Hong Kong. 'If the government doesn't do anything, the bubble becomes bigger.' With thick forests of cranes hovering over its largest cities, it is a matter of little dispute that China is experiencing one of history's big building booms. business-times.asia1.com.sg