Property Loans Halted in China's 2nd and 3rd-Tier Cities; Is China's Spectacular Real Estate Bubble About to Pop?

Mish Shedlock has a great post about developing events in China:

http://globaleconomicanalysis.blogspot.com/2011/07/property-loans-halted-in-chinas-2nd-and.html

There are many who believe that China is in the middle of a massive property bubble. For background information look here:

http://finance.yahoo.com/news/Chinas-Real-Estate-investopedia-540256591.html?x=0&.v=1