Tom Nash
284K subscribers
21,667 views Aug 1, 2022 China's property sector is in deep trouble. Remember the Evergrande crisis from a few months ago? You thought it was over? Well think again. This is just the start. The big problem with the Chinese economy is that it has become so dependent it is on its real estate market, it can’t let it fall. Direct Real estate investments in China are 15% of its GDP, while total investments including construction and residential property development, account for 25%! of the Chinese economy, so one can assume that a collapse in this sector will lead to a massive all out collapse of the entire Chinese economy, and right now, things are not looking good on that front.
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China is broke.
Desperation will set in. These CCP types are nuts.
