Interesting angle. I usually see positive analysis on how China is overtaking the US in xyz...
The government prefers to artificially keep loss-making companies alive at the expense of the population rather than admit market consolidation, generating global excess capacity.
This one I'm not sure about. They are letting "too big to fail" real estate empires default. The people know that the government will not save them and they accept it. I've heard of real estate crash in large cities like Guangzhou of apartment prices going back to 2017 levels (50% drop). Where I am in Australia I wonder if people could even stomach a 20% drop without it all collapsing.
Interesting angle. I usually see positive analysis on how China is overtaking the US in xyz...
This one I'm not sure about. They are letting "too big to fail" real estate empires default. The people know that the government will not save them and they accept it. I've heard of real estate crash in large cities like Guangzhou of apartment prices going back to 2017 levels (50% drop). Where I am in Australia I wonder if people could even stomach a 20% drop without it all collapsing.