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Could China's house of cards collapse?

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China has seen house prices fall for three months in a row, bank lending was down sharply in July compared with the previous month, but what has this disappointing data got to do with Western investors?
Pauline Loong from asia-analytica.com gives us her view of the latest signs of the Chinese slowdown and reminds us that what happens in China affects the world. Most large international banks have exposure to Asia, China's success drives a large part of global growth and the growing Chinese consumer classes offer Western brands huge potential.
In around seventy cities in China, house prices have fallen by almost one percent, the slowest house price growth for seventeen months.
Pauline Loong believes the market is now treading water, waiting for expected action from central government.