China growth, page-3

Yes estimate at over 20.0m upwards

However you are located in certain cities only, there is still demand for housing in regional centres and other areas

A recent report showed that the trend for housing developments was returning albeit at a slower pace then before in these areas

Don't forget the population base as well as property cycles that effect all economies

They have also changed the rules for rural residents and the one child policy. In addition they no longer want population growth in the major cities for obvious reasons, therefore new cities and corresponding infrastructure will be required

They recently announced 4.0m homes to be built as part of their low housing affordability program

The inventory over time will decrease once the developers sell well below cost and take their losses and go broke

China's population will continue to grow and apart from housing more cars, fridges, appliances that all require steel will be consumed as they want China to transition to a consumption based economy