The Chinese surplus – which is about four times the number of unsold units on the market in the U.S. – will be more difficult to resolve because American real estate is more affordable for buyers, said Scott Minerd, managing partner and chief investment officer at Guggenheim Partners.
Tuesday, September 13, 2011
28 Million Unsold Properties in China
China's Overhang of Unsold Property Poses "Very Real" Problem
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