When attending an investment meeting in Singapore, Jim Rogers, a
renowned investor, said big changes are in store for the Chinese
real estate market. He predicted that, given the Chinese government
attaches great importance to the real property market and is trying
their best to dampen speculations, it is likely some investors will
face bankruptcy this year.
In fact, Mr. Rogers' perspectives about Chinese real estate
market turned gloomy last year. Last September, he observed that
the Chinese government had noticed bubbles in the industry because
it adopted a series of tight measures attempting to cool down the
market. He did not think Shanghai was suitable for real estate
investment. He recommended second- or third- tier cities to Chinese
citizens for making such investments.
For more details, please read the full story in Chinese.
(China.org.cn February 21, 2008)