There are a lot of reports and speculation that China's housing market is a time bomb; a bubble waiting to burst. While it's true some major firms have experienced difficulties, I can't help but feel this is anti-China propoganda (hoping for a fall of an upcoming superpower).

Will the detractors be proved right? For resolution, I will await a major reliable news outlet (e.g. BBC news) to report that China has suffered a serious contraction of their housing market. It doesn't need the exact words bubble, but I think it should be fairly evident that something is serious. If so, this market resolves YES.

I'll refrain from betting until the community is satisfied with the resolution criteria (so please feel free to suggest changes).