By Daily Crux Editor Justin Brill:

More "bubble talk" coming from China.

The FT reports:

A large bubble is forming in China’s property market as a result of Beijing’s credit-driven stimulus programme, one of the country’s most prominent real estate developers warned.

Zhang Xin, chief executive of Soho China, one of the country’s most successful privately owned property developers, told the Financial Times the asset bubble was leading to rampant wasteful investment in the sector, undermining the country’s long-term growth prospects.

The problem in China, Zhang Xin notes, is excessive credit and money chasing assets.

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