China lands hard
china gdp housing chart new

China, the world's second-largest economy, has had a building boom.

"No country has ever invested so much in real estate," says Nicholas Lardy of the Peterson Institute for International Economics.

Sound familiar? A housing crash there wouldn't be just like ours. But any sharp slowdown in this fast-growing country, where an authoritarian government faces citizens who have rising expectations, could mean nasty surprises.

  @Money - Last updated January 28 2013 01:31 PM ET
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