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We recently had a discussion about China’s real estate prices, which were going to increase, but we were only talking about the price for houses in the capital city of Beijing, Shanghai, and Guangzhou.
That was it.
The real estate bubble was just around the corner.
The Shanghai real estate sector has gone from a $1 billion market in 2000 to over $8 billion in 2017, according to the Chinese Association of Realtors.
That’s a whopping 6,000% increase.
What is this real estate boom really all about?
First of all, China has more than half the world’s population, and over one million billionaires.
The average Chinese household is one of the most affluent in the world, with an annual income of $40,000, according the Forbes China Rich List.
That wealth is so rich that, for many, the housing market is the most important source of income, and they’re not going to let a property bubble burst.
In fact, many Chinese people have even bought into the real-estate market as their main source of economic stability.
So it’s a perfect storm.
But if the housing bubble does burst, what will it mean for the country’s economy?
The question has been raised by economists all over the world and some people have tried to predict what will happen to the country as a result.
But what we have to understand is that the bubble is not going away.
What the bubble will do is send shock waves through the economy and the financial system.
And it’s going to have profound impacts on the way that Chinese citizens and businesses and other businesses are structured.
The bubble is going to push the Chinese government into making drastic changes to the way it works, how it finances itself, how the country invests in its economy.
If you’re a citizen of China and you’re not making money, that means you’re living in a bubble.
So what will the economic consequences be for your country?
There will be a lot of anxiety.
A lot of people will be afraid.
If the bubble does explode, then you might not have the same level of security that you have today.
And the fear of the market will be very strong, too.
You will not be able to get a mortgage, you will not have your pension fund, you’ll not have a pension, you won’t be able get health insurance, and you won