[sgbuffett]

While there is pain in property sector, it is less systemic than people think. China has thousands of developers many weak and over leveraged. Weeding them out of the system is a good thing.

I have been tracking China property sector for some time. Investors have been shifting funds to "eventual winners " of the consolidation . I am disappointed there is no systemic collapse that allowed me to buy cheap at bargain basement like I did with Chjna tech stocks.

I'm fact it looks orderly. A few protests by Evergrande customers ...etc . Some areas badly hit by sharp fall in prices ..
But there is no Asian crisis type moment....at least not yet.