China's Real Estate Bubble Could Burst At Any Moment: Watsa

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 a few observations from Anne Stevenson Yang, an American, who has been in China for over 20 years and is the founder of JCapital Research…