China’s Planned City Bubble Is About to Pop–and Even You’ll Feel It

Seven years after the last housing debacle devastated the world economy, we may be on the verge of another, albeit different, bubble. If the last real estate collapse was created due to insanely easy lending policies aimed at the middle and working classes, the current one has its roots largely in a regime of cheap money married to policies of planners who believe that they can shape the urban future from above.

by Joel Kotkin and Wendell Cox

Full Story: http://www.newgeography.com/content/005055-china-s-planned-city-bubble-is-about-pop-and-even-you-ll-feel-it