
The Chinese property bubble has just burst, here’s what you need to know
The David McWilliams Podcast
00:00
Is There a Productivity Drag in China?
Housing is so close to the core of the sort of social compact in China, says bi. "This is how you make sure that your children are looked after" In a pronetic year, every year, trot for a decade or more., he adds. The interesting er youre saying is that there's a productivity drag,. Bt, tere's also a wealth drag, right? And this is the other side, is that people get pissed off, right? So, if ma's promises will make you all equal, dan's promises will makes you all rich, and ges promises, i'll make you continue to be rich."
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