FUTUREPREDICTIONS.COM Source of Likely and Preferable Futures ™ » Mandarin Chinese http://futurepredictions.com FUTUREPREDICTIONS.COM MISSION IS TO ORGANIZE THE WORLD'S FUTURISTS, FUTUROLOGISTS, PREDICTIONS, INNOVATIONS, AND FORECASTS TO MAKE THEM EASILY ACCESSIBLE. Tue, 22 May 2012 04:49:14 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Future Predictions: China Banks Under Stress Test if 50% Fail, as Real Estate Bubble Looms Over Ghost Cities and Empty Malls http://futurepredictions.com/2011/05/future-predictions-china-banks-under-stress-test-if-50-fail-as-real-estate-bubble-looms-over-ghost-cities-and-empty-malls/?utm_source=rss&utm_medium=rss&utm_campaign=future-predictions-china-banks-under-stress-test-if-50-fail-as-real-estate-bubble-looms-over-ghost-cities-and-empty-malls http://futurepredictions.com/2011/05/future-predictions-china-banks-under-stress-test-if-50-fail-as-real-estate-bubble-looms-over-ghost-cities-and-empty-malls/#comments Thu, 19 May 2011 17:36:14 +0000 futurepredictions http://futurepredictions.com/?p=7286 China’s Ghost Cities and Malls

An estimated 64 million unsold units in China making the USA’s real estate bubble look minuscule in comparison.

“According to Financial Times, the country’s banks have been ordered to assess their viability if real estate fell 50%. Does this portend some kind of pricking of the much-hyped real estate bubble?”
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“Kangbashi, a city in China’s Inner Mongolia originally designed to accommodate around 1 million people that currently has about 30,000 residents. The desert city is part of the Chinese government’s plan to add 36 million units of affordable or social housing in the next five years. Critics warn that “ghost cities” like Kangbashi are adding to the nation’s real estate bubble.” (Source: Bloomberg)

Is bubble about to burst on China’s over-hyped financial sector? For more ‘Real Deal With Chris Cuomo,’ at ABC please visit>>>>

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