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China’s Deflation Trap | Brian McCarthy On The Popping Of The World’s Biggest Bubble Ever
Forward Guidance
The End of China's Investment Led Growth Model
China's investment led growth model is no longer viable and is unlikely to be replaced. The country is in the grip of a debt deflation that cannot be resolved without a reflationary devaluation. The connection between property sales and construction activity is deteriorating, leading to a significant decline in real estate sales. It is predicted that the annual real estate sales in China could decrease by up to 50 percent, resulting in a potential wealth destruction on an unprecedented scale. These circumstances are expected to cause significant upheaval for the Chinese economy and consumers in the coming years.
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