Interesting stuff about Chinese realestate.
There were 900,000 new houses build in the U.S. in 2007. How many new homes do you think were built in China? Answer: 10 million!
And get this: home mortgages didn’t exist in Chinauntil 1998.
There are 200 Chinese cities with a population of 1 million or more. The U.S. has nine in the United States.
