Chinese real estate leading the world into deep economic depression – signs from Hong Kong IPO ‘Massacre’ tells it all


Peter Oberois

Oct. 2, 2009


The world economy is poised for a deep economic depression between now and the next twelve years. Chinese real estate sector is experiencing a classical blow off after the raw cash from stimulus money ran its bubble course. Glorious Property Holdings Ltd., a real estate developer in twelve Chinese cities, is the seventh consecutive Hong Kong initial public offering company whose shares fell apart on debut. The stock dropped as much as 20 percent and was trading 15 percent lower at HK$3.76 as of 11:38 a.m. Glorious last week raised HK$10 billion ($1.3 billion) in the largest Hong Kong IPO by a Chinese real estate development company in two years.


The signs are very clear. Chinese real estate collapse will lead the world into the deep depression.
Source:-
http://www.indiadaily.com/editorial/20937.asp