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Last September, news of Evergrande possibly defaulting on its debt caused the Dow Jones Industrial Index to drop over 900 points in one day. People were alerted to the risk of an impending financial crisis. But some Western investors still bet on Evergrande because they speculated that the Beijing authorities would save Evergrande from the debt crisis. Now, the rest of the world also feels the impending doom of a housing bubble. We wonder how Beijing will handle its failing real estate giants and how China’s real estate bubble is related to ours?
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We discuss world economy, history, and politics. Our main focus is U.S.-China relations. We make short videos and tell you the hidden stories.
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English References: http://www.nourmand.com/posts/the-real-deal-downtown-los-angeles-is-in-danger-of-becoming-oversupplied
https://www.theatlantic.com/ideas/archive/2020/01/american-housing-has-gone-insane/605005/
Study Shows That 75 Percent of Manhattan’s All-Cash Buyers Have Chinese Last Names
https://www.forbes.com/sites/ellensheng/2017/03/13/chinese-now-the-largest-group-of-foreign-investors-in-u-s-commercial-real-estate/?sh=2935a7327419
Chinese references:
https://www.bannedbook.org/bnews/ssgc/20200818/1382176.html
https://mrnews.cc/220330/48.html
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