Inflation-adjusted home prices in China have fallen below where they started two decades ago, and the fiscal fallout is hitting local governments even harder than developers.
The solution is only time if market starts bubbling again, like it did after the last crash. Its also possible for asset prices to stagnate for decades, and its happened before.
The solution is only time if market starts bubbling again, like it did after the last crash. Its also possible for asset prices to stagnate for decades, and its happened before.