Granted, if China's infrastructure buildout slows considerably, resources-rich exporters will contribute less to global growth. And if China's property prices fall far enough, Chinese citizens may be more fearful in committing their savings to real estate purchases. In other words, things could turn grim.
But bubble-popping bad? Forget about it.
In fact, contrarian investors may already be looking at ways to profit from China's eventual reflating of real estate demand. Check out the three-month returns below for stock ETFs that track China indices. That's correct. Guggenheim China Real Estate (TAO) leads the pack.
China ETFs: 3-Month Returns Favor China Real Estate
Guggenheim China Real Estate is up 15.1%.Guggenheim China Technology (CQQQ) is up 11.9%. Guggenheim Chian Small Cap (HAO) is up 9.6%. By contrast, the Vanguard Emerging Market (VWO) is up just 7.1%, while the SPDR S&P China (GXC) is up only 5.2%. You can listen to the ETF Expert Radio Show "LIVE", via podcast or on your iPod. You can follow me on Twitter @ETFexpert.