CTI 81: Evergrande: How we got here, and what it means, with Ming Zhao
China Tech Investor
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What Is the Speculative Premium?
"What is the testament of faith? Like what real estate prices will keep going up?" "It is as close to a religious doctrine as things get in china for the middle and upper middle classes," he says. The proportion of top ten global property companies across the world that are based in China is northward of 80%. That's more so than some sort of financial panic where people dump their bonds or whatever, but it could still have an impact on other markets around the world.
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