The "Nightmare Scenario" For Beijing: 50 Million Chinese Apartments Are Empty
What do you think 50 million homes (or 22%) unoccupied will do to the real estate market?
This is the scenario that Beijing is facing.
In China, real estate is the main basis of wealth creation, much like the stock market is in the United States. This is why the Chinese government does so much to try to stabilize the market. So far, they were able to navigate the situation in both 2011 and 2016.
With their economy slowing, are they going to be able to do it again?
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