China's housing bubble ranks second in Forbes top 10 financial bubbles

22:04, December 21, 2009      

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Forbes has recently selected the top ten financial bubbles in the world, and China's real estate market bubble ranked second, according to a report form Wuhan Evening News on Monday.

China's rapid growth driven by loose monetary policies, largely contributed to the housing prices and stock prices. However, Forbes also pointed out the housing bubble in China can be avoided.

By People's Daily Online
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