Why China’s Property Market Is Crashing: The Real Reasons
June 23, 2024
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22:14How Europe Nearly Lost Its Currency | The Story of the Greek Debt Crisis
19:31Now PlayingWhy China’s Property Market Is Crashing: The Real Reasons
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as posted by the channel#china #housingcrisis #theresearcher
While Putin strengthens his friendship with China, his eastern ally is getting tangled in an unpleasant situation known as the "Real Estate Crisis." For the past 20 years, the construction industry contributed significantly to the country's GDP, but now it's a different story.
Real estate is only bringing losses.
Thousands of projects are left unfinished. Major holding companies are going bankrupt.
Billions of dollars are going down the drain.
How did it come to this, and who will be pulled into the eastern black hole?
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