There has been much chatter in recent week’s regarding China’s potential bubble economy. As we now know, the Chinese government poured in more stimulus per GDP than the United States and with their economy rebounding substantially faster it looks like they are having trouble containing the red hot growth in the broad economy and in asset prices. This has been nowhere more apparent than it is in Chinese real estate where there is now enough commercial real estate to provide a 5X5 cubicle for every man, woman and child in China.

China International Business recently sat down to interview Zhang Xin, CEO of SOHO China, Beijing’s largest commercial property developer. Her comments are startling to say the least and are all too reminiscent of the environment we saw here in the United States in 2006 & 2007 where anyone and everyone wanted a piece of the real estate market – except for some of the largest developers like Sam Zell who were selling.