Showing posts with label economic crisis. Show all posts
Showing posts with label economic crisis. Show all posts

Monday, September 12, 2022

50 million homes are empty in China

Serious stuff! Probably, the world's largest ever real estate crisis ever!
Massive demolition of newly built, but empty high rise residential buildings. Other estimates say it might be up to 100 million empty apartments in China. Several hundred billion dollars in mortgages are not serviced anymore and so on

Tuesday, September 06, 2022

The Economic Crisis That Threatens the Chinese Model

Very recommendable! The days of dictator Xi Jinping maybe counted!
For one, the insane zero Covid-19 policy enforced by the dictator!