Friday, December 31, 2010
Which Country Will Be The First-VI
According to China Daily the Chinese consumer price index (CPI) rose by 0.6 percent in November, the first time since January. In China, almost every city has faced the problem of real estate, which has grown more than 20 percent. The normal citizens in China are not able to afford an apartment anymore. The housing bubble is like the 1980s real estate in Japan, and 2007 housing in the USA. Will the Chinese housing bubble destroy the Chinese economy as its “V” shape to recovery from the financial tsunami? Both Japan and US might face “W” shape to recovery.