>>516625998
I can find no credible source supporting those numbers like https://www.cgaa.org/article/biggest-chinese-banks
And my real question is, how much of those "assets" are stuff like pic related?
Chinese are trapped in a real estate ponzi of biblical proportions.
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>>512906628
>it will never happen because the economic systems relies on housing prices going only up
American real estate market is 60% fake, just ask the Japanese. (the Chinese real estate market is 90% fake).
Crypto doesn't need inherent value to keep going up, why should speculative real estate?
>it will never happen because the economic systems relies on housing prices going only up
American real estate market is 60% fake, just ask the Japanese. (the Chinese real estate market is 90% fake).
Crypto doesn't need inherent value to keep going up, why should speculative real estate?