China's Real Estate Bubble Could Burst At Any Moment: Watsa22percent
China is overloaded with real estate and construction “bubbles,” which according to Prem Watsa, chairman of Fairfax Financial Holdings, could burst anytime. A similar situation surfaced back in 2011, but China sailed through it by significantly growing its credit.
“There is a monstrous real estate and construction bubble in China, which could burst anytime,” Watsa says.
Signs of growing China bubble
Watsa in a letter to the shareholders of Fairfax Financial Holdings Limited, lists down . . .
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