One of Asia’s richest men, Li Ka-Shing, has been selling off his business empire’s China assets as the property bubble in that nation appears to have popped.
Li now appears to be focusing on Europe.
Here are links to a couple of Forbes articles:
Now, this should trigger alarm bells if earlier warnings had failed to cool down the speculation in the region. Aren’t we not a trifle worried about the ambitious high-end property development projects bubbling in the pot over here?
Thanks to blog visitors Don Anamalai and Eng Hock for the links.