20-06-2024, 12:17 PM
China has just decided to hold interest rate. LPR is now @ 3.95%. The existing home owners took up more than 40 trillion Yuan of mortgage or about 30%of gdp. These owners will b seriously in debt unless they can destroyed them.
https://www.businesstimes.com.sg/interna...tgage-mess
https://www.businesstimes.com.sg/interna...tgage-mess