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The ongoing crisis at property giant Evergrande debt pile brought it to a complete halt. Some expressed worry about where China’s economy is headed. In this video, we address the following:
1) What’s the major economic story coming out of China today?
2) Because of the Real Estate crisis, mainly that of Evergrande, will some investors get the key to their new homes?
3) What are the concerns of the Ruling/Communist Party?
4)Will investors trust the Chinese market?
One thing is sure: Many around the world see the Real Estate market in China as a ‘Modern Chinese Tragedy’. Beijing needs to resolve this issue, sooner than later, I hope.
link to article: China’s GDP Growth Slows to 4.9% Amid Power Crunch, Real Estate Woes
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