![](https://i.imgur.com/CLvY2jA.png")
23-08-2022, 05:48 AM
China property market has already collapsed
The Chinese govt is backstopping the problems so it does not spread to banking system by guarantee of developer debt issuance
Main effect is many Chinese lost money buying property and some developers collapse.
Property market will be in doldrums for decades.
But rest of the export economy and consumption should recover.
The Chinese govt is backstopping the problems so it does not spread to banking system by guarantee of developer debt issuance
Main effect is many Chinese lost money buying property and some developers collapse.
Property market will be in doldrums for decades.
But rest of the export economy and consumption should recover.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
