Once hailed as canny traders who often called the bottom of the market, this has proved to be an expensive disaster for Chinese buyers over the last two years.

• 中国的买家一度被誉为精明的商人,因为他们常常能预测市场何时见底。但过去两年的事实证明,这种做法让他们付出了昂贵的代价,并导致灾难性的后果。