The richest man in China, Wang Jianlin, made his ~$30 billion fortune by developed huge malls and office complexes across China but he now says Chinese real estate is the “biggest bubble in history.”
Certainly, one has to look no further than our post from yesterday entitled “Viral Surveillance Video Reveals A Shocking Scene From China’s Housing Bubble” to get a sense of just how “bubblicious” the China property market has become. Below is footage from a surveillance camera that caught the moment a new real estate development in east Hangzhou opened for sale on September 24th.
This post was published at Zero Hedge on Sep 28, 2016.
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