The main issue at hand in the PRC is the struggle between local governments and the central government and the bad debts and how they're going to be restructured.
The main issue at hand in the PRC is the struggle between local governments and the central government and the bad debts and how they're going to be restructured.
I'm in the camp of PRC property prices going up is over, people forgot about made in china 2025. The property market in my opinion is just a mess the central government is trying to clean up and just in damage control, you have to be delusional if you think the property market will keep going up like in the last 20 years. The main reason the politburo hasn't just let the whole RE industry go is because of employment and jobs.
The most important thing now is moving up the value chain and openly competing with EU/JPN/SK/US corporates. I'm just stating what I'm hearing talking to a few friends and family who work in the PRC in the scientific community.
The main issue at hand in the PRC is the struggle between local governments and the central government and the bad debts and how they're going to be restructured.
True - but that is also related to the idea of trying to ween the economy of being dependent on rising property prices
I'm in the camp of PRC property prices going up is over, people forgot about made in china 2025. The property market in my opinion is just a mess the central government is trying to clean up and just in damage control, you have to be delusional if you think the property market will keep going up like in the last 20 years. The main reason the politburo hasn't just let the whole RE industry go is because of employment and jobs.
The most important thing now is moving up the value chain and openly competing with EU/JPN/SK/US corporates. I'm just stating what I'm hearing talking to a few friends and family who work in the PRC in the scientific community.