Around the World in 30 Minutes
Real Vision: Finance & Investing
00:00
Is It a Self-Inflicted Crisis?
The economy is suffering big time as a consequence of this real estate crisis. I actually view it as a positive for China long term if they stick to their guns here. If they have to reverse cores and bail out the property sector, which to your point, they absolutely can if they want to. But if they are forced to do that from a position of social stability, they're just kicking the can down the road. And eventually they're going to have to open that can and eventually they'll have to take their medicine.
Play episode from 16:02
Transcript
