House Prices In China Have Already Started Dropping, But Why? Xi's Plan Not Rate Hikes
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The PBOC in October '19 estimated that 70% of Chinese household wealth is tied up in the real estate of one kind or another. China's economy had been heavily investment oriented with a lot focused on residential dwellings. Xi Jinping's "common prosperity" is therefore a direct threat to the financial well-being of the vast majority of urban households (thus enforcing draconian "pandemic" policies to "gently" remind them they don't get a say) with fallout already being felt far beyond Chinese home markets and China itself.
Video Length: 00:18:42
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