Wednesday, October 3, 2012

Will Lonely Chinese Men Destroy the Global Economy?

Foregin Policy looks at the cause of China's enormous real estate bubble:

It's a tough, competitive life for men in China these days, in part due to the aftershocks of the one-child policy, which has left the country with a gaping gender imbalance of 120 boys for every 100 girls. [...] The marriage challenge is rippling its way up through the classes. It is manifested most clearly in China's real estate market, where -- given the highly desirable nature of property -- men are pouring all their savings as a means of improving their chances of finding Mrs. Right, or any Mrs. for that matter.

Steve Clowney

http://lawprofessors.typepad.com/property/2012/10/will-lonely-chinese-men-destroy-the-global-economy.html

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