of housing, that is like a dam holding huge amount of water, once a crack is found, you can imagine the rest.
Maybe RMB will depreciate fast so the nominal price of housing in China will not collapse, current housing price level definitely acts like a heavy tax on China's economy. It is acting like cancer cells.
Maybe RMB will depreciate fast so the nominal price of housing in China will not collapse, current housing price level definitely acts like a heavy tax on China's economy. It is acting like cancer cells.