Beijing Commercial Property - 50% vacancy rate

[SirHenry]

Looks like a large amount of the Chinese stimulus was spend on excess commercial property. Crash or no crash?

Beijing Seen Vacant for 50% as Chanos Predicts Crash

http://www.bloomberg.com/apps/news?pid=20601109&sid=a6i2PSZD.Jr4&pos=13

 

[SirHenry]

Re: Beijing Commercial Property - 50% vacancy rate.

Also read that 70% of the steel produced in China is used for construction. 70% of the steel produced in Japan is used for manufacturing. What kind of impact would a severe down turn in the Chinese property have on the demand for Australian iron ore?