UBS: China's Property Sector Is Approaching Its Tipping Point

Talk of a Chinese property bubble is back in the headlines.  Recently, leaked recordings showed that Mao Daqing, vice chairman of Vanke Group, made some bearish comments on the property sector. The recent slump in property sales and housing starts prompted Societe Generale's Wei Yao to write "the housing sector now poses the biggest downside risk to the Chinese economy." UBS' Tao Wang is out with a new note titled "Bubble Trouble: Are We There Yet?" Wang sees a 15% probability that a sharp prop...