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by toomuchtodo
967 days ago
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You get to the crux of the issue with point 2. China is a nation of savers. They put their savings in real estate with the idea that line would always go up. That real estate value is going to come down, and China will be old. Enough homes for everyone after haircuts are taken, but not much else. China will look more like Japan or Italy in the future. |
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