China - Sustainable - or folly in the making? (BNN.ca)

BNN Squeeze Play - taking a little of a closer look at China.  OECD says China will grow by 11.1% in 2010.  Red Hot for sure.  But wait, there's another side to that coin.  Shanghai index down more than 20% YTD - technically a bear market - Iron Ore prices have receded similarly - 20% from the recent highs.  Housing prices in the first two weeks of May - Bejing down 52% and Shanghai has plummeted as well  - down 64%.  But wait.  That's not all.  The USD bonds for Chinese Real Estate companies have shown signs of stress with yields expanding.


Paul Tellier gives his view after a recent visit.  View video here.