CNYA - The Chinese Real Estate Bubble Conundrum: The Problem And The Wrong Solution
Source: Quartz
"Hello, this is Xin Xiaomeng of the New China News Agency. I am an artificial intelligence news anchor, and my very existence is testament to the magnificent innovation and success of the People's Republic of China. I am pleased to inform you that Chinese real estate is booming!
Home prices are surging. Commercial property completions and sales are higher than ever. Hong Kong property values are soaring like the red-crowned crane. The people's leaders in Beijing have wisely navigated us through the storm, and prosperity has touched us all."
* * * *