2. Shenzhen is a manufacturing and technology city

3. In 2015 the Shenzhen Stock Exchange had a price to earnings ratio of 95

4. As productive increased in Shenzhen starting in 2010, the result was increased real estate prices. Workers are migrating to Shenzhen to get work and the increased demand drives real estate price, upward

5. China is concerned over rising speculation in commodities causing price increases.

6. In 2015, China announced it would cut 1.8 million coal and steel jobs. Coal and Steel are made up of State Owned Enterprises. (http://money.cnn.com/…/…/investing/china-commodities-bubble/)

7. 24 million apartments in China are vacant. The construction boom was not fueled by real demand.