China is overloaded with real estate and construction “bubbles,” which according to Prem Watsa, chairman of Fairfax Financial Holdings, could burst anytime. A similar situation surfaced back in 2011, but China sailed through it by significantly growing its credit. “There is a monstrous real estate and construction bubble in China, which could burst anytime,” Watsa says. Signs of growing China bubble Watsa in a letter to the shareholders of Fairfax Financial Holdings Limited, lists down a few observations from Anne Stevenson Yang, an American, who has been in China for over 20 years and is the founder of JCapital Research…
China's Real Estate Bubble Could Burst At Any Moment: Watsa
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