The video has a slight anti CCP spin but rich in data about the China real estate sector.
The China govt faces challenges reining in the sector and trying to soft-land the downside. Credit to them for at least being aware and trying to do something compared with the housing bubble in US where the govt failed to ring-fence the banks and that led to the financial crisis.
The problem is spreading steadily to the bond market.
At the minimum it will drag the economy....how much the China govt can do depends on speed of spread of these problems....
has gordon cheng said anything about china property collapse?
It did not spread to here as many of them prc who became new citizens keep buying GCB bungalows/detached houses with cash no need any bank loans.
(16-09-2021, 08:21 AM)sgbuffett Wrote: [ -> ]The video has a slight anti CCP spin but rich in data about the China real estate sector.
The China govt faces challenges reining in the sector and trying to soft-land the downside. Credit to them for at least being aware and trying to do something compared with the housing bubble in US where the govt failed to ring-fence the banks and that led to the financial crisis.
The problem is spreading steadily to the bond market.
At the minimum it will drag the economy....how much the China govt can do depends on speed of spread of these problems....
few years later u said correctly .
Bigger holes are in America's property sector.
Waiting to collapse.
China has 20k property developers.
Got guru predicts China now only need 2k property developers. Market is stagnant.
Can you imagine?
Grandparents got property,
Parents got property and young couples also got property. Who still buy new property?
China population is aging...
Old ppl dont buy new property....
Evergrande Suspends Trading In All Bonds.
a la lehman bros?
Anyone who buy Forrest city in JB maybe have to worry now..
(16-09-2021, 03:40 PM)RiseofAsia Wrote: [ -> ]China has 20k property developers.
Got guru predicts China now only need 2k property developers. Market is stagnant.
Can you imagine?
Grandparents got property,
Parents got property and young couples also got property. Who still buy new property?
China population is aging...
Old ppl dont buy new property....
It looks like Japanese property bubble rather than US.
Why I say this is they don't have that many avenues to invest and concentrated on property means a large part of wealth is held in property the bank debts are very high also due to property. ....
Now the have ageing population....situation is like Japan.