If you compare the nominal gross domestic product of the USA with that of China, you can see the severe crisis in the Chinese real estate market. It is interesting to note that the Chinese leadership is also unable to abandon the infantile concept of keynesianism and has already started to artificially inflate the real estate market with fresh credit again. The communists have continuously used this single sector to manipulate the overall economic performance, triggering unbelievable market distortions that are unleashed in deflationary shocks. Again, the learning curve seems to be a negatively sloped straight line!