China has the confounding issue where it has both poor social security systems and a mistrusted, dysfunctional stock market and financial system, so everyone sh

China has the confounding issue where it has both poor social security systems and a mistrusted, dysfunctional stock market and financial system, so everyone shoves money into real estate for retirement. This is not even a new problem. The imperial landed gentry was so named because bureaucrats would shovel their money into land.