China drags the break of the world.
Souce
To understand what is happening in China and the world, we must begin by understanding that, unlike the West, where the relativization of private property is promoted, "you will have nothing and you will be happy"; in china real estate has a cultural and social importance:
Souce
As you know, the process of creating bank money is not through deposits as is often believed, but through loans, especially real estate loans; as Chinese policies have been an absolute failure that only served to increase corruption to make some officials millionaires who looked the other way at the books and mainly for the flourishing of an entire financial structure in the shadows, the so-called shadow banking.
Souce
The Chinese policy on real estate companies is to sell from the bottom, that is, they are properties that have not yet been built, before this construction boom these companies took loans, but not to conclude them but rather loans to ensure the "Real Right of ownership” of the land, for future developments, since this is something very important that is rarely mentioned, the laws of the People's Republic of China establish that the land belongs to the “people”.
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