![Good Thing We Shut Down The Economy, Masked Up, Took Fakeccines and Social Distanced [950x626 - 47KB]](https://pic8.co/sh/ab7tA0.jpg){kind=link}
Actually it going below 10% is what caused their housing market to crash. They've relied on a >10% GDP growth to keep things in control and based their economy on real estate and have spent well over a decade putting up empty shells of buildings to prop it all up. That growth was paid for by American dollars. It's ok though, we are heading into what I think will be called The Greatest Depression. It's the 20s after all! Let's party like it's 1925!
Actually it going below 10% is what caused their housing market to crash.
They've relied on a >10% GDP growth to keep things in control and based their economy on real estate and have spent well over a decade putting up empty shells of buildings to prop it all up.
That growth was paid for by American dollars.
It's ok though, we are heading into what I think will be called The Greatest Depression.
It's the 20s after all!
Let's party like it's 1925!
If China's housing market has collapsed, then that would be the end of the Chinese economy. China is still around, so ergo their housing market hasn't collapsed. Maybe it hit a speed bump in recent years, but a total collapse is stretching it.
If China's housing market has collapsed, then that would be the end of the Chinese economy. China is still around, so ergo their housing market hasn't collapsed. Maybe it hit a speed bump in recent years, but a total collapse is stretching it.
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