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Thread: China’s economy is on the verge of collapse?
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[quote=GUESTBOB,448875]The housing prices in big cities have fallen. In some areas, it has fallen by 10 to 20 percents. The people who bought the apartments require the real estate developers to give their money back. In Wenzhou, many small and medium sized enterprises have gone bankrupt. The investors from Wenzhou who invests in real estate begin to sell their houses at lower prices, hoping they won’t lose too much money. No doubt, there is a huge bubble in China’s real estate market. Chinese government has taken severe policies to control the housing prices, ensuring that China’s economy won’t be heavily affected when the bubble breaks. Do you think China can maintain its economic growth and avoid the collapse even if the real estate market crashes? [/quote]
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