Wednesday, October 3, 2012
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.