Chinese Real Estate Bubble Pops

People have been talking about the real estate bubble in China for several years, its prices high and speculation rife. What goes up will eventually come down. An article in Foreign Affairs by Patrick Chovanec declares there is evidence the real estate bubble of China has burst.

When the real estate bubble in the U.S. burst, ugly things happened to its established economy. If the same ugly things happen to the developing economy of China, the negative effects are likely to be worse. The situation in China bears watching.