Friday, November 12, 2010

Riding the wave: China is in a Bubble but is still the best investment opportunity

2/3rds surveyed by Bloomberg said China had a housing bubble, but 33% still ranked China #1 for investment opportunity for next year, ahead of Brazil, India, and U.S.

China Real-Estate Bubble Concern Fails to Deter Global Investors
Asian investors are more likely to say China is in a real estate bubble. Seventy-four [74] percent of respondents in Asia hold that view, compared with 64 percent in the U.S. and 63 percent in Europe.

Rising real estate values in China reflect the abundance of “cheap money,” said poll respondent Gordon Murray, senior credit analyst at Belle Haven Investments Inc., in White Plains, New York. “Anytime there’s a lot of idle money and a desire for yield, you can have a boom.”

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