http://www.charlierose.com/view/interview/10960 - excerpt - "50% of china CGP related to construction" http://vreaa.wordpress.com/2010/04/27/chinas-re-trading-volume-collapses-recent-mortgage-restrictions-may-be-having-an-effect-after-all/ China’s RE Trading Volume Collapses – “Recent mortgage restrictions may be having an effect after all.” China’s RE and stock markets have some direct effects on Vancouver RE in that a small number of local sales are to wealthy foreign investors from China. More important, however, is the psychological link between the two markets. Many Vancouver locals believe that our market is buoyed by China, and thus speculate on local property based on that premise. For the latter reason, this story is particularly important. It comes at the same time as ballooning inventory in Vancouver, and mortgage debt that is growing more expensive by the week. More on the Vancouver-China relationship HERE. -vreaa From businessinsider.com 27 Apr 2010 - “China’s pr...
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