https://economyandmarkets.com/markets/foreign-markets/65-million-things-youre-not-hearing-about-china-trade-war/
They have growing problems, with slowing growth and exports, and
we’ve heard much about this lately from Main Street. But those are only
symptoms.
Deep down, they have a demographic problem, an overinvestment-in-infrastructure problem, and a real estate problem. Today, let’s talk about that last one.
I recently talked about Japan’s housing crisis. There, 8 million homes stand empty (that’s 15% of their market)!
Well, compared to China, Japan’s real estate problem is a minor crack in the foundation.
In China, 65 million homes stand empty!
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