Saturday, May 7, 2011

The China prosperity continues

“The China (NYSE:FXI) boom continues. The China prosperity continues. I notice it spreading. The property boom continues to spread. I see that more and more. But of course, there are those who think that it’s a property bubble, including me – at least I think there is a property bubble in coastal cities. The government is trying to pop that bubble as you know and I presume that they (will) pop the bubble. The Chinese government has enough authority and control that they can pop something if they really mean it. We’ll see.” - in Forbes Blog