Aberdeen's Young: Chinese property to fall 30%

China's property bubble is set to burst this year, triggering a 30% fall in values, Aberdeen's Hugh Young said, echoing last week's warning from Anthony Bolton the sector is overheating.

Young, manager of the £2.2bn Asia Pacific fund and £4.7bn offshore Asian Pacific Equity fund, said when the property sector collapses, stockpicking in the region will become more difficult. “China will have its booms and busts, and it is probably due a bit of a bust somewhere – most people have been looking at property as being where that will come from. “A lot has been built, but not all for the right purposes. In hindsight, we will see whether all the infrastructure China has built is of use. “Therefore we are not too keen on piling into Chinese stocks. The country is growing by ...