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 		More on that overheating Chinese property market
Chinese real estate figures out on Tuesday show investment in the sector was up 18.9 per cent in October, while property sales soared 48.4 per cent year-to-date.
Submitted by
tschuma417
11/10/2009
HyperLink play it email it
tschuma417
11/10/2009
tschuma417 is playing it
TAOShort6.45%
I am playing this headline with (TAO) because China Real estate data showed continued strong growth, with investment +18.9% y/y YTD in Oct, property sales +48.4% y/y YTD and urban property prices +3.9% y/y. This is further evidence that strong bank lending and easy liquidity conditions are creating an overheated property market.
 
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