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China’s richest man warns the country is facing a RE bubble

China’s richest man warns the country is facing a RE bubble

Chinese billionaire Wang Jianlin

Chinese billionaire Wang Jianlin

Wang Jianlin — who built a massive fortune developing real estate in China — says the market is now facing the “biggest bubble in history.”

Jianlin, who is the country’s richest man, says the problem is that prices are continuing to rise in cities like Shanghai, but are dropping in thousands of smaller cities where there are vast numbers of vacant properties. Click here to watch the video.


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