The Chinese buying property with cash will end when their major export market the US dries up due to the latest bout of quantitive easing, which will set in motion the next major downfall.
How on earth is the QE2 measure going to affect the real economy when QE1 never. You're on cloud cuckoo land if thinking that China is immune from American economic weakness, when the US farts China listens, look at the latest downgrading of the US treasuries by China from AA to A*, this is a sign of things to come, China will gradually replace US debt with the only safe haven commodity which is Gold and Gold only. The days of the dollar being the worlds reserve currency are over, with the lunatic Ben Bernanke printing dollars like no tomorrow to bail out his mates in the big banks, this is not going to end well I can assure you.
Trouble with Hong Kong is it doesn't resemble the real world in any shape or form, we've all come here to escape reality in one form or another and now I feel like a major reality check is in order!
Mark Fisher Slams Bernanke: "QE Is Going To End Bad...This Is Going To Be The Bubble Of All Bubbles" | zero hedge