When China Gives in…
China is on life support: 18 units of credit in China only equate to 1 unit of GDP growth.
A cornerstone of household wealth at 65% of their assets, the country’s real estate sector, along with indebted regional governments to the tune of $9 trillion (over half the national GDP), are faltering.
Authorities are trying to sweep the issue under the rug with a deluge of liquidity: a whopping $41 trillion in money supply floods the country, nearly 2X the US GDP!
Pressure is mounting, and we know the consequences of a dam whose levees give way.
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