Whether China’s real estate market is a bubble that could pop, knocking out Chinese growth and shaking the world’s economy, is a question that is now being asked by everyone from Brazilian iron ore traders to hedge fund managers in the City. In the first of a series on beyondbrics – with a separate series on FT.com – Jamil Anderlini, the FT’s Beijing bureau chief, says that whether it pops or not, the current situation is unsustainable.
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