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Sadly ironic maybe that the day after the Vickers report is published hoping to prevent a repeat of the last property driven crash, further evidence emerges that the next one may already be in the making in a country no western regulation can reach. 

Sadly ironic maybe that the day after the Vickers report is published hoping to prevent a repeat of the last property driven crash, further evidence emerges that the next one may already be in the making in a country no western regulation can reach. 

 Just as the credit ratings agency, Fitch, raises serious concerns about the security of loans made by Chinese banks to property developers, so the FT reveals that those same property firms are having no difficulty raising billions from overseas investors. The Chinese Government is so worried, it has already made strenuous efforts to stop Chinese banks pumping any more money into the property market but it clearly can do little to stop an overseas gold rush.

My guess is that a Chinese bubble, if that is indeed what it is, is unlikely to burst any time soon while the economy keeps booming. But this is one to watch for the future.

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