China stepped into the real estate bubble?

From the discussion held in the class and the article: http://www.ft.com/cms/s/0/a3c20b6a-ca74-11de-a3a3-00144feabdc0.html?ftcamp=rss&nclick_check=1 I have major concern that : Real estate has become the critical problem of China economy. The entity economy has not modernized yet, while the whole economy has got involved in the asset bubble. The rocket-rising housing price and the decreasing tax from the [...]

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