Friday, September 10, 2010

Andy Xie on the Chinese Property Bubble.

Measuring the size of the property bubble in China by reference to the number of empty flats has become a hot topic of discussion.

Recent media reports citing information from China's electricity authority claimed that 64.5 million urban electricity meters registered zero electricity consumption over the past six months, equating to enough empty flats to house 200 million people. The electricity authority has since denied the figure. Whether or not this sensational number is credible, obtaining a reliable figure should be a priority. Otherwise, national policies may be made in the dark.

You can read the rest by clicking here. (via Paul Kedrosky)