A surge in bank lending. A speculative rush to buy houses - not just second properties, but third or fourth homes. Soaring property prices. Banks hiding the loans off their balance sheets. Surely it could not be happening again? And not so soon? But it is - in China. The world's most populous country survived the crash that crippled economies in the West, but Beijing did so by stimulating spending, especially by pushing money into property. Now the regulators are worried that boom will lead to...
Full Story: The Independent
