China’s fake-money housing boom is imploding, and the crash is accelerating in real time.
China’s real estate crash spirals: Builders fail, buyers flee, cities hollow out. Turns out concrete isn’t a liquid asset after all. “New home prices in 70 major cities fell for a 24th straight month in May, extending the longest losing streak since at least 2011” https://www.reuters.com/markets/asia/chinas-home-prices-dip-may-extending-two-year-stagnation-2025-06-16 “The amount of unsold residential floor space stood at …