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China’s property developers are imploding. This matters because property is 1/3 of China’s economy — bigger than exports. And housing makes up 3/4 of Chinese family savings. In the 2018 trade war Chinese property soaked up the slack. This time it’s making it worse.

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Peter St Onge, Ph.D.

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201,719 просмотров • 6 месяцев назад •via X (Twitter)

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