Housing is about the same percentage of china’s GDP as the U.S.A. was during the bubble (maybe a little less actually) but they rely on it to employ a large part of migrating workers into the Cities.
Don’t know how much of China’s GDP relies on ipads
Seems if the ipad busts, the U.S. economy will go down about 15% (well looking at the Nasdaq anyway) Well at least SD economy.
(just kidding sort of)
