Tag: china housing bubble
China’s Most Famous Property Developer Pan Shiyi Calls His Own Industry a Ponzi Scheme
Pan Shiyi, the founder of SOHO China and one of China's most recognizable property developers, has published...
Shanghai Home Prices Drop Up to 70% as Sales Freeze and Mortgage Defaults Rise
“If it weren’t absolutely unavoidable, I would never sell it at this kind of loss. I’ve been on the verge...