Why China property isn’t facing Armageddon

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Cityfarmer, just a friendly discussion, I will suggest if you have a chance to visit these rural cities and keep a lookout for its infrastructure. I have been in worse roads in India and Indonesia. I just bought our famous pork floss bread in one of the bakery in the town and it cost IMO ridiculous price of 7 RMB, but 1.5x bigger than our bread talk. While driving past the bakery, I passed by a hospital that is as large as our NUH. These rural folks are not as poor as what media tries to portray. One of conversation I had with the local contact was the vast difference in lifestyle from 10 years ago and now. This is the speed of China development.
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RE: Why China property isn’t facing Armageddon - by mrEngineer - 11-07-2014, 11:53 AM

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