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China's economy is not doing well, in large part because companies over-leveraged themselves. Instead of getting back on a sound financial footing, focusing more on actual revenue and less on borrowing though, China is using more loans to duct tape the economy together. In this episode of China Uncensored, we look at how China is sinking deeper into debt to save its economy, how it got so bad in the first place, and why stopping China's zero covid policy would greatly help, but won't happen any time soon, writes China Uncensored.
You know what's hysterical funny about this? You can actually walk away from your mortgage in China and you don't lose your house? No, because you never had the house in the first place. How did they ever talk people, ANY people, into buying homes two years out at a minimum? And then, not at all? Even Ryan Homes couldn't get away with that one.