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I think what the government is trying to do is to increase people's income, so it can match the level of housing bubble. Many people think it's a goal that is

by rqs 8y ago

I think what the government is trying to do is to increase people's income, so it can match the level of housing bubble. Many people think it's a goal that is to hard to reach in time (year 2025 or so), but the overall direction is about right. However, all of that is before the trade war thing. So what does the future actually holds is a bigger unknown by now.

seanmcdirmid 8y ago
That makes no sense and would be much worse than just popping the bubble: either China will be extremely uncompetitive with the rest of the world, or they will deprecate the RMB like crazy. The property bubble really isn’t worth preserving.