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The China Shock Is Coming With Michael Pettis

Lead-Lag Live

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The Real Estate Problem in China

There's no question that we have a real estate problem in China. The Chinese economy is about three quarters the size of the American economy or of the European economy. A lot of people in China feel not surprisingly quite rich as individuals. But when one day it turns out it's no longer worth one and a half million dollars, that has to affect your economic behavior.

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