China's banking system is in free fall and the country's real estate losses could hit $4 trillion, veteran investor says - The Great Awakening

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China's banking system is in free fall and the country's real estate losses could hit $4 trillion, veteran investor says (finance.yahoo.com)

posted 1 year ago by Jscholl17 1 year ago by Jscholl17 +32 / -0

China's banking system is in free fall and the country's real estate losses could hit $4 trillion, veteran investor says

China's banks will lose more than what US banks lost during the 2008 crisis, Hayman Capital CIO Kyle Bass said.

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– DankHank 2 points 1 year ago +2 / -0

The CCP leaders of certain regions and cities are expected to make their economies grow and the easiest way to temporarily make them grow is to build lots of real estate. That's basically the reason why they keep building because their whole system of doing things is stupid.

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