And what savings or investments they had were in “un” real estate, so buh bye
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Most never had any savings of any kind. Rural people (the bulk of China’s population) lucky enough to find a job have now lost that job, and there is no work to be had anywhere, as low end assembly work has been largely phased out: the homeless in most any city would account for the US’s entire homeless population.
True, and the “middle class” are rapidly being reduced to poor
Many of the invested in real estate
Chinese GDP is similar in nature to Russian GDP claims. Coming from the govt…
Things move slow till the dont