China is facing huge property bubbles. So are some other Asian countries. It is no surprising to see the similarities between U.S.-Europe of 2007-2008 and China/Asia now. Some Asian countries are tightening.
If one wants to know what would happen when this storm arrives, take a look at the U.S. of 2006-2008 and the Europe of 2009-2010. The cycle seems to continue.
Who is responsible for these bubbles?
They have been destructive forces of an economy.
Deleveraging is a good thing, yet, the general populace would seem to suffer most through this deleveraging process.
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