Weekly Update: Is China on a Treadmill to Hell?
The Jacob Shapiro Podcast
00:00
Is the Real Estate Tax a Black Box?
The Chinese government is not behaving. like a government that is ready to dispense any pain, Em says. If this was a systemic issue and it was everywhere, we'd be seeing it everywhere, he writes. But if all we have is one bank and one group of depositors in a country of over a billion people, where real estate is this bad, "we should be seen a lot more," Em adds.
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