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Loan Modification

: Mortgage Lender Implode-o-Meter

State-Owned Bidders Fuel China?s Land Boom

By Implode-Explode Heavy Industries

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"By driving up property prices, the state-owned companies, which are ultimately controlled by the national government, are working at cross-purposes with the central government?s effort to keep China?s real estate boom from becoming a debt-driven speculative bubble ? like the one that devastated Western financial markets when it burst two years ago."

Full post as published by Mortgage Lender Implode-o-Meter on August 02, 2010 (boomark / email).

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