Oct
06
China’s Housing Boom Looks a Lot Like Last Year’s Stocks Bubble
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Deutsche Bank, Goldman warn of growing China property risks
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China going through extreme investment cycles: JPMorgan Asset
Tai Hui is experiencing deja vu.
China’s surge in home prices reminds JPMorgan Asset Management’s chief Asia market strategist of last year’s stock market mania. Spiraling leverage and implicit state support are among the common denominators, he says. Shanghai property values jumped 31 percent in August from a year earlier, the latest data show. In 2015, a 60 percent rally in the city’s equities through June 12 was followed by a $5 trillion rout…
China’s Housing Boom Looks a Lot Like Last Year’s Stocks Bubble
