Why You Should Be Worried About China's Debt Crisis
Economics Explained
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The Real Estate Bubble in China
The chinese government is obviously trying to cool down this real estate bubble. They have introduced laws such as high deposit requirements for second and third properties. And recently proposed a nation wide property tax. The problem is none of these efforts have really worked. In fact, in the case of provinces that have limited home ownership, it's almost had the opposite effect. If people can only own three houses, let's say, they are basically represent their only opportunity to consistently invest money.
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