Pinpointing the Bubble in China's Real-Estate Market

Americans enjoy an unusual kind of security -- their big, domestically focused economy isn’t very vulnerable to external shocks. But most people around the world don’t have that luxury: Their jobs, businesses and livelihoods are very sensitive to events in far-off lands, and the choices of leaders they don’t elect. Right now, much of the world is in danger from a potential recession in China.

China, which still is the biggest contributor to global growth, has been looking shaky for a couple of years now. Growth is down from insanely fast to moderately fast. The stock market rose and crashed. Liquidity problems have been common in the banking sector, and a lot of money has flowed out of the country. So far, through all of this turbulence, growth has managed to hold up -- or at least it has, according to the official statistics.
QuickTake China's Pain Points