China is slowing down. Most of their wealth is in real estate and yet their market rests upon a fragile foundation. There are only so many empty cities that can be built. Only so many bridges to nowhere. This unsustainable path is failing. Today, we see a record level of stimulus injected into the markets, tax incentives, easy money from the banking system, and still slower growth than expected. This house of cards will collapse.
Bloomberg on Twitter: "A fifth of China's homes are empty. That's 50 million apartments https://t.co/nf2iKJNFLX"
https://twitter.com/business/status/1061198134943068160?lang=en
- business
China vs US Real Estate.jpg (855×645)
Xu Jiayin presided over the Evergrande sales conference to sell the house: 10% off all residential projects in the country_real estate _澎湃新闻-The Paper
https://www.thepaper.cn/newsDetail_forward_3053292
China economy: Beijing unveils $298bn tax cuts to boost growth - BBC News
https://www.bbc.com/news/business-47450223
_105263520_chinagdp-nc.png (640×500)
Evergrande: China’s biggest property developer faces debt crunch
https://outline.com/taJAeq
http://com.ft.imagepublish.upp-prod-us.s3.amazonaws.com/be06a8c6-f307-11e8-9623-d7f9881e729f (700×521)
https://www.ft.com/__origami/service/image/v2/images/raw/http%3A%2F%2Fcom.ft.imagepublish.upp-prod-us.s3.amazonaws.com%2Fbe06a8c6-f307-11e8-9623-d7f9881e729f?source=next&fit=scale-down&quality=highest&width=700
China Car Slump Has Dealers Slashing Prices, Giving Cheap Loans - Bloomberg
https://www.bloomberg.com/news/articles/2019-03-03/china-car-slump-has-dealers-slashing-prices-giving-cheap-loans
Chart of the Day: China’s Shrinking Workforce
https://outline.com/cKwWnd
1548758308822117.jpg (705×470)
china working age population change.jpg (639×548)
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