Is China heading for a hard landing?

Aberdeen Asset Management | 12 December 2011

A soft landing in China is beginning to look like wishful thinking. To cushion the blow to exporters during the Global Financial Crisis, the Chinese property bubble was inflated recklessly. Built on the foundations of excess investment, the Chinese economy had become a house of cards requiring growth to avoid collapse. However, China has had to choke credit to the property sector because absurd property valuations and inflation were beginning to affect social stability. Now, the runaway train of development is go...