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Big Trouble on the Horizon for China Real Estate & Economy

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I found this 60 Minutes replay video very disconcerting. While it may be a little more focused on housing, there is an impact on office space in China and potentially the world economy. It looks like China may be in line for a big financial crisis. China's real estate bubble will probably cause big trouble for China Real Estate and their economy. How will it effect the world economy? Just as we think we are getting out of our slump? Will China's problems and their holding of US debt lead us into another slump. I certainly hope not. Four years has been plenty long enough.

By: James Osgood

Office Vacancy Rate , Video

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