Chinese Housing Bubble Is About To Burst As Household Debt Soars To 9. 7 Trillion
China s imminent housing crash is threatening to trigger a global financial catastrophe beyond any seen in modern history. While bond and stock markets across the United States and Europe are dangerously inflated due to central banks extraordinary response to the health crisis and the enormous amounts of borrowing and spending over the past year, in the eyes of most financial analysts, Chinese markets remained suitable for investment as the country has managed to put the health crisis under control and reopen its economy. However, experts are alerting that Bank of China balance sheets and the latest measures introduced by the Chinese government indicate that the country s markets are anything but safe since a monumental domestic real estate bubble has been growing at the same pace as the 9. 7 trillion household debt, and a bubble bust is likely to create a domino effect of failures all around the world, unleashing a financial disaster of epic proportions. That s what we re going to a
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