Today I bring you the situation of the economy in china, it seems that china is going through economic problems that could increase in the next weeks that we are going to explain.

People in China are not paying the mortgages, in China there are 50 million uninhabited houses, this makes the price of houses go down, so many people stopped paying mortgages because they think they are losing money.

In China, in order to build houses, the construction companies start with the financing of the buyers, so if people stop paying, this can cause the construction works to stop.

Many specialists talk about economic cycles, they think that at this moment there is no way for China to continue with its economic growth, the main reason for the growth in the last decades were exports and constructions, but today the reality is different.

Banks have granted grace periods for people who have stopped paying mortgages so that if they decide to pay again their credit history will not be affected.

The problem is that if construction is stopped all the labor force working on those constructions will be unproductive and unemployed, so protests have already started in China for that reason.

China's economy is also important for the cryptocurrency world and if China is not doing well it is difficult for cryptocurrencies to recover the ground they have lost this year.

China intends to make some textbook moves to prevent house prices from falling and regain buyer confidence, but only time will tell if these measures will work.

I think the world is not in a good moment, the most economically sound countries are in trouble and that is not a good sign, I hope that the leaders of the major powers will find a way to lift the economy and avoid recession.

Thank you for reading

---

---