With housing values/GDP well below the U.S. ratio, a lack of leverage, and prices that have...

|By:, SA News Editor

With housing values/GDP well below the U.S. ratio, a lack of leverage, and prices that have moved little in a year, Morgan Stanley's Jerry Lou aruges China does not have a property bubble. The China Real Estate ETF (TAO) -6.9% YTD, is +8.9% Y/Y.