China. There are official statistics and there are statistics. NBS China says that existing home prices are down 13.6% from 2021 peak. But Centaline data says that the fall is double that and prices are back to 2016 levels. Leverage is lower but housing is the main store of , page 37

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China. There are official statistics and there are statistics. NBS China says that existing home prices are down 13.6% from 2021 peak. But Centaline data says that the fall is double that and prices are back to 2016 levels.
Leverage is lower but housing is the main store of
时政
( twitter.com )

1年前由 PPG 提交

China. There are official statistics and there are statistics. NBS China says that existing home prices are down 13.6% from 2021 peak. But Centaline data says that the fall is double that and prices are back to 2016 levels.
Leverage is lower but housing is the main store of Chinese household wealth. It is devasting for consumer confidence.
It's no wonder that total bank loans fell for the first time since 2005 when China was a small economy.
A balance sheet recession is underway. The implications for the rest of the world are not pleasant.

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TRUTH.
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Of course the Dem-RINO globalists responsible for gutting American manufacturing and turning Communist China into a superpower in the first place oppose my father's tariffs. They want America weak and economically dependent.
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#Ukraine🇺🇦-#Taiwan🇹🇼 ties are going from strength to strength! is on a funding & support tour of the #IslandOfResilience. Kudos to the #Lviv mayor for ignoring #China & cooperating with our #Taiwanese partners to make sure we #LeaveNoOneBehind. Yes! #TaiwanCanHelp
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This means China is preparing for war.
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#BREAKING
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The economic news from China this summer has been grim. But the headline figures, bad as they are, may be hinting at a more fundamental issue: Beijing has failed to convince households their financial future is secure in the post-Covid era.

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China: We have Christmas at home.
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Chinese-Americans are not a monolithic, so Western sponsors should choose representatives who align with American values the best, 🇺🇸 Alysa Lui.
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