China's Real Estate Collapse
At the heart of the decline in family wealth is China's real estate meltdown, which is having a pervasive effect on a society where 70% of family assets are tied up in property.
Towards the end of last year, 34 of the top 50 Chinese property… pic.twitter.com/owUbTR8RjW
— Reef Insights (@ReefInsights) February 27, 2024
China: Deflation Leads To Deferred Spending pic.twitter.com/dhyqBUqovo
— Win Smart, CFA (@WinfieldSmart) March 22, 2024
See also Unfunded pensions in Europe hit 300%-500% of GDP—demographic collapse fuels looming crisis.
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