News Roundup 5/15; Trade, Baby, Trade | Yaron Brook Show
Yaron Brook Show
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Real Estate Crisis and Government Intervention in China
The chapter delves into the significant real estate crisis unfolding in China, focusing on bankrupt developers and unsold properties. The Chinese government's plan to buy 3.6 billion square feet of unsold homes to stimulate economic growth incurs high investment costs and increased local government debt. It discusses the implications of the government printing money and purchasing homes to prevent developer bankruptcies.
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