Andy Xie, former Morgan Stanley “star” chief Asia-Pacific economist, has been warning about a real estate bubble in China since 2002 and predicted that China's real estate market will collapse in 2012.
All the conditions for a real estate collapse in China seem to be in place: there’s a glut of unsold homes, prices are ski-high, and money supply is tight.
China presently has 16 billion square meters (1.7 billion square feet) of unsold new homes. Full story
