Will a collapse of the Chinese housing market bubble end the SS shortage?

[mangoseed]

As a lot of people know, the amount of consumer debt in China keeps rising, which now has a debt/GDP of more than 300%. Not to mention the huge amounts of empty apartment buildings. The extent to which many Chinese will go to buy second or third homes as investments is just madness. Some couples will even legally divorce (but stay together) to circumvent the government restrictions of a married couple only owning two homes.

Anyway, this would have a huge impact to the Chinese economy and some knock on effect to the global economy.