Monetization of real estate in china is exacerbated by the fact that A) there aren't a lot of great investment opportunities available to most chinese people B)

Monetization of real estate in china is exacerbated by the fact that A) there aren't a lot of great investment opportunities available to most chinese people B) the chinese government has a history of propping up property values, so there's a perception that housing is a safe investment. The situation for non-housing assets is not quite as bad in the US.