China’s real estate stocks are below 2008 financial crash levels

by
Sharing is Caring!

China’s real estate sector is facing significant challenges, with stocks performing worse than during the 2008 financial crisis. The ongoing downturn has been exacerbated by high levels of bad loans and defaults among major developers like Evergrande. This has led to a decline in property sales and new housing starts, dragging down the overall economy.

See also  The largest financial bubble in history is here, with no rescue in sight.
See also  Tether's supply surged 15% in 6 weeks, ~$500 million daily, despite shrinking demand; de-peg could crash crypto.

Sources:

https://www.visualcapitalist.com/china-real-estate-boom-and-crisis/

https://finance.yahoo.com/news/3-years-evergrande-crisis-chinas-093000590.html

https://finance.yahoo.com/news/2008-housing-bust-suggests-chinas-032107651.html

 

h/t IAmNotAnEconomist


90 views