Real estate markets in a number of Asian countries that are showing signs of recovering from the global property downturn are now in danger of becoming too hot, it is feared.
Governments in China, Vietnam and Korea are considering introducing measures to cool the real estate markets after prices started soaring in the last few months.
In China real estate sales increased 45.3% to 1 trillion yuan ($146 billion) in the first five months of 2009 from a year earlier and property investment growth rose to 6.8%, according to figures from the National Bureau of Statistics.
There are few structures in the world which attract the amount of rumours, truths and untruths that are attached to the phenomenon which is the Great Wall of China. This is a building project the likes of which will never be seen again and one which to this day attracts the attention of tourists around the world. This wall of stone and regular fortifications has been built, destroyed, a rebuilt and maintained from the sixth century BC.
The Three Gorges Dam in China is officially the largest hydroelectric power station in the world and while its benefit to the region with regards to power supply is not in doubt there have been major environmental repercussions, controversy and furious debate. The power supplied by this power station has been vital to the growth of the Chinese economy which along with India has become one of the economic powerhouses of the world.
