Capitalizing on China's Real Estate CorrectionWilliam Yip
A well-known Chinese curse, loosely translated, says: "May you live in interesting times." Indeed, China and the rest of the world are living in interesting times. For China, the music stopped when the U.S. financial system collapsed, bringing America's domestic consumption to a virtual standstill. China, which had become far too dependent on exports to fuel robust economic growth, found itself heading over a cliff as exports came to a screeching halt.
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