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China’s real estate sales drop by half in first quarter of 2022

 
dabrute
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04/06/2022 02:10 PM
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China’s real estate sales drop by half in first quarter of 2022
China’s real estate sales drop by half in first quarter of 2022

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March sales of Top 100 real estate companies slumped 53% year-on-year, while their first-quarter sales plunged 47% from a year earlier.--less than 25%


This is probably some of the biggest doom going while we are being distracted by war and gas prices. Chinese real estate is almost 30% of its GDP. It affects almost every industry from steel to household goods. Chinese companies have over leveraged trying to keep up with huge growth over the years and while the central government can help and hide some of that can't do it forever. When they collapse it will collapse ALL large financial institutions in the world.

Last Edited by dabrute on 04/06/2022 02:10 PM
The breath of Putin ass lickers smells just as bad as the breath of Biden ass lickers
Anonymous Coward
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04/06/2022 02:13 PM
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Re: China’s real estate sales drop by half in first quarter of 2022
Lock step with American real estate troubles.
dabrute  (OP)

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04/06/2022 02:26 PM
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Re: China’s real estate sales drop by half in first quarter of 2022
Lock step with American real estate troubles.
 Quoting: Anonymous Coward 78666901


America's troubles are lack of supply due to and helping to cause inflation
The breath of Putin ass lickers smells just as bad as the breath of Biden ass lickers
Anonymous Coward
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04/06/2022 02:46 PM
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Re: China’s real estate sales drop by half in first quarter of 2022
China owns a lot of property in America.





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