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Strategies & Market Trends : The Art of Investing
PICK 51.06+2.3%4:00 PM EST

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To: Sun Tzu who wrote (5181)8/21/2022 12:32:34 AM
From: Sun Tzu  Read Replies (1) of 10711
 
Some macro context for Chinese RE

My takeaway was that RE is so immensely important to the Chinese economy that the government will have to step in and save it. But since their debt is so high, they won't be able to save everyone. Unlike the US, they are choosing to save the people rather than the builders and the banks (ok, some aid for the banks and builders in the form of bond guarantees, but only to a point).

The implications for the commodities and the global economy is huge.

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