Inside China’s Tightening: Banks Literally Tearing Up Letters Of Credit, Importers In Disarray, Orders Cancelled
http://www.businessinsider.com/inside-chinas-tightening-banks-literally-tearing-up-letters-of-credit-importers-in-disarray-orders-cancelled-2010-1

(China) “Right now, for commercial real estate, there’s 30 billion square feet under construction. Not all of that will probably get finished…but to put 30 billion square feet in context, that would be a 5 foot-by-5 foot office cubicle for every man, woman and child in China.”
Jim Chanos, short-seller