REUTERS/Stringer-- A woman walks near a residential area under construction in Chongqing municipality, March 13, 2012. China's home prices are still far from falling to a reasonable level, and efforts to curb real estate speculation must be maintained or risk chaos and a property bubble which would harm the economy if it burst.
China’s Age of Abundance: When Might It Run Out?
China is in a race between its slowing down economic growth and accelerating population aging. Recent rapid economic growth has resulted in a sizable lifecycle surplus, with labor income far exceeding consumption. China’s three-decade long economic boom has led to an age of abundance, but that era will most likely to end in front of the eyes of the current young generation.