China has been building crap housing for years and their citizens have been investing heavily in their realty market. In China, friends don't let friends buy Chinese products. However after decades of falsified, staged GDP the results are catching up with them. Not going to be a soft landing.
And the homes are just falling apart.
Watch this and have your kids watch as well:
Are NEW Chinese buildings really FALLING DOWN?
In China, friends don't let friends buy Chinese products. However after decades of falsified, staged GDP the results are catching up with them. Not going to be a soft landing. Physicist I know has a really low opinion of the Chinese PhD students he had to supervise. They would routinely falsify research results to make themselves look good. That dishonese attitude, all through Chinese society...