Xinhua reported that a timetable predicting China’s real estate collapse in 2011 has been published on the Internet. The timetable compares the Japanese real estate market trend between 1985 and 1991 to that of China between 2005 and 2008 and found China, with its serious real estate bubble, excessive dependency on exports, and pressure on RMB appreciation, is similar to Japan right before the Japanese economic bubble burst in the 1980s. The timetable author concluded that the Chinese economy is facing significant risks and its real estate market will collapse in 2011.
Source: Xinhua, April 6, 2010
http://news.xinhuanet.com/herald/2010-04/06/content_13307384.htm