How low will (the) Chinese (government allow) real estate prices go?

A few weeks ago I was in Foshan, a thriving city on the edge of Guangzhou, and I happened to ask one of my hosts about the cost of the apartment buildings going up all around the city. He gave me a number, which struck me as high, and then he told me that the price was off by 30% over the course of the last two months. That encounter, and more, can be found in my column this week at Bloomberg World View, running over the weekend.

Related, further listening can be found in an excellent episode of the Sinica podcast featuring David Pierson of the Los Angeles Times and Daniel Kroeber of Dragonomics. And it’s definitely worth reading Pierson’s widely circulated piece on the return of the China bears, here.