China’s Real Estate Collapse Has Started and the Banking Collapse is Next
China’s property market is on the verge of implosion which accounts for a who9ping 25% of China’s economy. Developers are now on the hook to the banks, as they promised to make up any missed payments and interest should buyers default. With property prices sliding, the global economy contracting, and the developers out of cash, China is likely to be the epicenter of the next GFC.
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