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It's not just evergrande, it's all property developers pretty much. It's a real estate bubble popping when an immense portion of wealth and growth is in real es
by spywaregorilla 5y ago
It's not just evergrande, it's all property developers pretty much. It's a real estate bubble popping when an immense portion of wealth and growth is in real estate.
- throwaway1777 5y agoYes, much higher portion of wealth is in real estate in China than other countries, this is key to understanding the problem. Real estate is basically a savings account for many people.