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This is already old news, but hearing it out of jim rogers' mouth sorta confirms it.
http://www.reuters.com/article/rbssC...15853120080219
Investment guru Rogers sees China property shakeup
SINGAPORE, Feb 19 (Reuters) - Investment guru Jim Rogers said he expects a shakeout in China's property market, although he remains bullish on the country's long-term prospects.
"I expect to see some Chinese real estate speculators going broke this year," Rogers, who co-founded the Quantum Fund with billionaire George Soros in the 1970s, told the IMAS investment conference in Singapore on Tuesday.
SINGAPORE, Feb 19 (Reuters) - Investment guru Jim Rogers said he expects a shakeout in China's property market, although he remains bullish on the country's long-term prospects.
"I expect to see some Chinese real estate speculators going broke this year," Rogers, who co-founded the Quantum Fund with billionaire George Soros in the 1970s, told the IMAS investment conference in Singapore on Tuesday.