* 54% of property transactions in China were pre-sales , meaning developer build not secondary market
* Property & construction represents 1/3 of fixed asset investment in China
* Property & construction represents 1/3 of China GDP
Either China will have to intervene to solve the property overhang, or it would be a longer term drag on its economy.
Latest murmurs about getting banks to help liquefy these property developers so they can finish the job. Socialising risks start becoming the order when bubbles get overextended and start to implode.
