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Winston Smith
China Observer
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Comments by "Winston Smith" (@kryts27) on "Something Scarier Than Housing Crashes Is Already Happening in China" video.
It's interesting that housing prices only drop slowly in response to under-consumption, which is opposite to the vast and fast rises in housing prices previously This is not a market economy but sitting on risk. Sitting on risk without selling anything is economic decline and bankruptcy risk for housing developers, real estate agencies and banks.
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