Show notes
- $300 billion in debt
- 300 million poor still exist in China
- 30% of China economy is real-estate
- 70% of Chinese savings is in real-estate
- Gini coefficient U.S. 41.1 China 38
- Property
- 1.4 million properties in suspended construction and or not started
- Ponzi scheme
- 90 million empty properties. Prices should fall
- People who bought properties are not in the same cities as where the properties were built
- 300 million poor not able to pay the rent
- How to protect investors and homeowners.
- 1.4 million properties in suspended construction and or not started
- Political dimension
- Stay in power by improving economics
- Can't print money without consequences- not world currencies
- Public not OK with house prices falling
- 20% drop already
- Protests in China want help from the government
- Turn into a national company?
- Forced restructuring
- Bondholders overseas
- Hong Kong
- 30 days before in default
- Foreign exposure
- Indicative of general China growth slowdown
- Power cuts around china
- No immigration
- Limited minority involvement in the economy
- Slow down from demographics
- Vietnam picking up China manufacturing
- South China sea tolerated because they are the growth engine
