Natural News.com gives an interesting report of a phenomenon that we do not get to hear enough about in our CCP-sympathetic media, the economic fragilities of communist china. We are led to believe tht hey are invincible, and surrender is the best option, as the rise of China, like the tides, is inevitable. Yet, apart from problems in the financial sector, the real estate market is apparently on the cusp of collapse. There has been a decrease in the number of mortgages, and double-digit declines right across China’s cities in the sale of previously owned homes. To prevent rapid decline the CCP will need to intervene, but its present direction is to mainly prevent real estate prices from being set lower. “The reason why the communist regime won’t let real estate developers lower prices is very simple,” wrote Qu Kai, a Japan-based commentator on Chinese current affairs. “The chain reaction caused by price cuts will instantly burst the bubble of China’s property market, causing a series of economic crises that would be difficult for the CCP to manage.”
This crisis could flow onto the banks, which may destabilise them, even more, as previous CCP duct tape solutions begin to unravel.
