Part of the issue for China going forward is that residential property valuations are based on speculative demand and low liquidity. Take that speculative demand away & eventually the valuations just dont make sense, creating a negative wealth effect. Chart: Goldman , page 13

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Part of the issue for China going forward is that residential property valuations are based on speculative demand and low liquidity.

Take that speculative demand away & eventually the valuations just dont make sense, creating a negative wealth effect.

Chart: Goldman
时政
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2年前由 Tarric Brooker aka Avid Commentator 🇦🇺 提交

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