We have recently posted an article about China’s epic hangover… but if you still don’t believe in a real estate bubble in China, then look at these numbers…

– Huge inventory

22 months of unsold inventory in Beijing
21 months of unsold inventory in Shanghai
 

– Chinese steel production down 15% since June
 

– 100 local governments land auctions failed last month
– The average wage earner would have to work 36 years to buy an average home in Beijing … compared to:
18 years in Singapore
12 years in New York
5 years in Frankfurt
– Transaction volumes are down by: 
50% year on year in Shenzhen 
57% in Tianjin
79% in Changsha

Source: Business Insider

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