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Free Homes & Foreclosure Ballooned 190 Times in 4 Years/China is Paving Way for State Dominance

By the end of 2021, the rapid cooling of China’s real estate and its impact on China’s economy has scared the Chinese Communist Party. Beijing is concerned that dropping real estate prices would weigh down broader economic activity. It has recently begun to change its tune and released some softening comments on real estate.

The Chinese government has followed up with stimulus policies, but real estate in China has already entered a vicious cycle where it’s difficult to re-activate the market. The number of default mortgages is still growing.

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16 марта 2022 г. 18:45:10
00:19:39
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