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  1. Property - Hong Kong & China - CHINA

    Beijing creates a generation of housing slaves

    Posted Feb 27th 2013, 12:00am by BLOOM

    ... Bloomberg in Beijing, Shanghai Paying off mortgages for mainlanders could take a lifetime of work as home prices have nearly tripled since a privatisation drive in 1998 Beijing creates a generation of 'housing slaves' Sherry Sheng, a 29-year-old Shanghai policewoman, bought herself a 4,000 yuan (HK$4,930) black fur jacket, splurging for the last time before she starts ...

    http://www.scmp.com/property/hong-kong-china/article/1159189/beijing-creates-generation-housing-slaves

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