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Monday, Dec 19
2011, 12:53 PM
The evidence is clear that China's spectacular real estate bubble has burst, with the only...
The evidence is clear that China's spectacular real estate bubble has burst, with the only question being whether the bust will be of equal brilliance, writes Pat Chovanec. Thus far, the lack of leverage used by buyers (as opposed to highly leveraged developers) has kept the collapse in check. Its course promises to effect everything from miners in Australia and Brazil to lumber mills in Canada to equipment makers like CAT.