China’s property market is beginning a “collapse” that will hit the nation’s banking system, said Kenneth Rogoff, the Harvard University professor and former chief economist of the International Monetary Fund.
More comments from Rogoff from March, 2010 in this article. Harvard’s Rogoff Gives Legs to China Crash Talk: William Pesek
"The data is not very reliable. . . . Exploding property prices and leverage. Doesn't mean you're going to have a crash tomorrow, it might be five years . . ."
[Catch the rest of the China Crash Predictions Series]