Cities that have potential can resist bubbles

Property | Ed Zhang

How do people compare China's housing market with the bubble in Japan in the 1980s, or that in the US in the 2000s? It is an important question because it determines the answer to an even larger question: What is a safe bet for investors in China?

The business media has run features about China's "ghost towns" built with huge investment and row after row of empty houses showing little trace of human activity.