Does China have a housing bubble? Here’s why nobody knows for sure

Throughout 2013, China’s housing market surged. That run may finally be over. + Q1 home sales in Beijing, Shanghai, Guangzhou and Shenzhen fell more than 40% from the same quarter in 2013. That’s scary. Real estate is a huge driver of China’s GDP growth. And since China’s property sector is funded by its credit boom, many fear a housing market slowdown could easily become a crash, dragging down China’s financial system along with it. via Does China have a housing bubble? Here’s why nobody knows for sure – Quartz.

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Does China have a housing bubble? Here’s why nobody knows for sure

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