The HF manager is a bit confused, the way he is suppose to check on Guangzhou's local economy is not to look at skyscrapers, but to go to Restaurants.
People always think of economy. People forget to think of military developments which can destroy the world economy.
Obviously they are headed for a crash. But if that is in 2010 or 20xx is anyone's best guess. Chanos shorting China because "it is a bubble" sounds quite daring IMO.
Where's the Dr Goebbels of China, Asiaprop to tell us that everything is fine and we don't understand anything because we don't live there
Healthy markets correct. If China corrects or "crashes", you got to think they still have long term prospects. Most of the people there still ride bikes and we drive SUV's. Our leaders want to even that out.