Identifying Investment Bubbles in the Making in China at Golden Networking's 2nd China Leaders Forum

Beijing, China, September 27, 2010 --(PR.com)-- Golden Networking will feature at 2nd China Leaders Forum, "Is the Chinese Dragon Poised for Global Dominance or Economic Implosion?" (http://www.ChinaLeadersForum.com), October 6th, New York City, a panel of experts on "Private Equity and Venture Capital Investment Opportunities in China." 2nd China Leaders Forum will examine potential obstacles to foreign investment, how to sustain economic growth after 30 years where average annual GDP growth rate was over 9.5%, as well as the threats and opportunities posed by the world’s biggest economy by 2020, according to the World Bank.

As reported by The Irish Times, "The Beijing government is seeking to limit the risk of asset bubbles after flooding the economy with money to drive a recovery from the financial crisis. Now market indicators and moves by the government have prompted concerns in China that the boom in residential housing may have run its course, with a price collapse coming next. Housing transactions in cities including Shanghai jumped in August from July, while China Vanke, the country’s biggest developer, said sales increased 149 per cent from a year earlier. It’s looking very toppy, and economists are adding to the gloom. 'The key drivers of the property bubble are excess liquidity and lack of investment alternatives, which are still largely in place,' said Ken Peng, a Beijing-based economist for Citigroup.

"Most of the property speculation in China takes place in the first-tier cities – Beijing, Shanghai, Guangzhou and Shenzhen, making these places a nightmare for first-time buyers. China’s economy is continuing to expand strongly, although at a slower pace than before, but anxiety about a property bubble and its impact on overall political and economic stability in what is now the world’s second-largest economy, is dampening sentiment."

2nd China Leaders Forum is produced by GoldenNetworking.net (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs, investors and diplomats, founded by former McKinsey consultant and Columbia Business School MBA Edgar Perez.

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