CFO Survey: CFOs Fear Impact of China Housing Bubble

Bubble with reflection of houses in it

Asian chief financial officers fear the impact of a housing bubble, and they’re worried it will hit the breaking point this year.

That is just one of the findings of the latest Duke/CFO Magazine Global Business Outlook Survey, which polled CFOs from around the world, including Asia (with the exception of Japan).

About 70 percent of CFOs in Asia believe there is a real estate bubble in their country and the same number say a deflated real estate market would pose a medium or significant problem to the country’s economy.

Fuqua Professor Campbell R. Harvey, founding director of the survey, said the ramifications, if the CFOs are right, could be severe, particularly in China.

“If the real estate bubble were to burst in the world’s second largest economy – China – the reverberations across the globe would be massive,” Harvey said. “The risks in Latin America are also large. Brazil’s economy has stalled, which increases the likelihood that the bubble might burst. While Peru’s economic growth has remained strong, it is worrisome that even there, a bubble poses a threat.”






Chinese New Year Greeting


Jason Yan我是Jason Yan, Duke Daytime MBA二年级学生,担任China Admissions Ambassador。







分享一些我的“Random Things”:

1) I was born in Shaanxi Province, China. My grandparents are from Henan province and grandparents-in-law are from Sichuan province. So for all intents and purposes I am mixed-blood!


What is the outlook in Asia for 2014?

cfo surveyWhat should we expect from the economy in Asia next year? Based on the reaction of 245 Asian CFOs who took part in the Duke University / CFO Magazine Global Business Outlook Survey, the outlook is quite positive, notes Professor John Graham, director of the survey.

In the following video, Graham notes that China has solidified, while Japan is waiting for recent reforms to kick in, but overall the mood is on the upswing.


A front row seat to China and the United States


Architect’s rendering of the DKU Academic Center

We live in world marked by leadership deficits and global disruption. As a result of this, Fuqua’s strategy is to embed and connect in key regions around the world to prepare students to address global business challenges. The MMS: DKU program, which takes place in both on Duke campus in Durham, North Carolina and at Duke Kunshan University in China.

Jennifer Francis, Senior Associate Dean for Programs and an accounting professor at Fuqua, explains the importance and benefits of giving students this front row seat to the two most dynamic economies in the world.

How do you see a program like MMS: DKU shaping the student experience?

In a word: greatly. MMS: DKU is taught across two continents, with the ability for students to immerse in each culture and to learn about how business is done differently. We want students to spend enough time in each region so that they really are able to have a truly American, or Chinese, experience. Finally, we hope our students shape each other: we hope that our US students “host” our Chinese students when the students are in Durham, and we hope the reverse happens when our students are in China. By “host” I mean that our students show each other the best that their country offers in terms of experiences and perspectives.