Is China's bubble finally about to pop? A conversation with Bloomberg Chief Economist Tom Orlik
Sinica Podcast
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What's Going to Happen in China's Real Estate Sector?
There's going to be a need to recapitalize some of the smaller banks as well. They surely are worried about social stability now, with anof the phenomenon of mortgage strikes and so forth. Are they prioritizing making the ordinary person who paid for a property on which ground hasn't even been broken yet first? Is that the plan? Who's at the bottom of the list in terms of getting paid? Well, we're already seeing it. It's the foreign bondholders, right? A. Its the foreign investors who lend china's property developers money in in the dollar bond market. They're the first people to get burned. And lastly, i think that however they
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