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In the 80's it was Japanese corporations that lost their shirts with US assets, but is housing a corporate or individual investment for Chinese? My understandin
by hindsightbias 8y ago
In the 80's it was Japanese corporations that lost their shirts with US assets, but is housing a corporate or individual investment for Chinese? My understanding was Chinese millionaires were just trying to individually invest in western properties (and get wealth out of China).
With their aging populations, it's unlikely dependence on US consumption can keep Japan, Europe and China going.