Sources ?China has a housing bubble burst and cities full of empty high rises, but now theyre building an partially transparent underground tunnel?
This looks like a propaganda piece.
Tank Fish and string ray in China are the size of cars now? When did that happen?
Huge bubble burstChina has a housing bubble burst and cities full of empty high rises, but now theyre building an partially transparent underground tunnel?
This looks like a propaganda piece.
Tank Fish and string ray in China are the size of cars now? When did that happen?
Sources ?
So property is dirt cheap in China ATM or sumThe Chinese government itself popped its own real estate bubble. It did this to reduce financial risk in that sector and curb borrowing.
It might not be a big deal if the Chinese government disincentivizes housing equity as a wealth vehicle and incentivizes its people to put their savings in other forms of investment. Also, deflation is great for a lot of consumers. Particularly young people.