Chinese housing bubble about to pop?

Via ZH:

Is China’s housing bubble – the main “wealth effect” for hundreds of millions of middle class Chinese – finally about to burst?

On Friday, trading in onshore bonds of China Evergrande, China’s second largest and the world’s most indebted property developer, was halted after reports it was seeking government help to stave off a cash crunch caused the price of its shares and debt to tumble, and sparking a crisis of confidence among creditors who’ve lent the world’s most indebted developer more than $120 billion.

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